Investor Interest Sizzles, Inside and Outside Of ‘Hot Market’ Boundaries

Danny Zelonker, CCIM, SIOR, principal at Coral Gables-based Real Miami Commercial Real Estate, has closed three sales transactions totaling $6,400,000.
The deals include:

• The sale of 201 NW 21^st Street, comprising a 27,000-square-foot distribution warehouse on a 49,000-square-foot lot in Wynwood. The 1954-built property sold for $3,000,000.  The deal was co-brokered with Larry Mizrach, Broker and President of Mizrach Realty Associates. The sellers were a group in the shoe business.  The buyer was Remy Jacobson, a leader in the bit coin industry.

• A 32,000-square-foot former Genero’s market, located at 5150 N. State Road 7 in North Lauderdale, sold for $1,850,000. The sale was co-brokered with Gabriel Zelonker, also of Real Miami Commercial Real Estate. The property was a TotalBank REO, purchased by a Tampa investor, represented by Stan Johnson Co.

• The sale of a warehouse property located at 1515 NW 22^nd Street in Allapatah, sold for $1,550,000.  The deal was also co-brokered with Larry Mizrach, Broker and President of Mizrach Realty Associates and Jorge Fernandez-Pla CCIM, Commercial Real Estate Consultant with KW Commercial. The seller was a shoe retailer; the buyer is an event planner.

 

“The industrial and investment markets continue to be hot and we have multiple properties set to close the next two months in Wynwood, Allapatah, Hialeah, the Gratigny area and one in Doral,” commented Zelonker.  “Investors are expanding their vision and seeking assets outside of the hotter markets.”

Zelonker was recently quoted in the January/February issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Please read his comments in “Your Next Move,” which is available in the PDF file accompanying this release. To read the entire issue, visit http://cire.epubxp.com.
 
 

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