Miami, FL – August 25, 2015 – (RealEstateRama) — Kristopher G. Wagner, P.A., Director, Commercial Sales with The Keyes Company-Commercial Real Estate Division, negotiated the sale of a retail center located at 26610 S. Dixie Highway in Homestead, Florida.
Ramcio Property Shopping Center, a 23,500-square-foot property situated on 2.67 acres, sold for $2,000,000.
A tenant within the shopping center that was looking to expand its footprint at the center, purchased the plaza from Ramcio Property. Wagner was the only broker involved in the transaction.
The deal closed Friday, August 14.
“There was a robust level of interest in the property due largely to the value-add opportunity to reposition the asset,” commented Wagner. “The ability to purchase the property below replacement cost presented a significant upside opportunity for the buyer.”
Wagner is a member of the Commercial Industrial Association of South Florida (CIASF).
CIASF provides education, networking, and advocacy for its members, while serving as a collective voice for South Florida’s commercial real estate community. The association hosts events each month covering a wide range of topics including the Industrial Market Report in January, the Office Market Report in May, and the Commercial Finance Report in September, it’s signature events.
About Kristopher Wagner: Kristopher has served as Director, Commercial Sales at Keyes Commercial Real Estate since August 2012, specializing in the sale of investment properties, with a focus on Multi-Family, Hotel and Retail. For more information, please call 305.779-1820.
dcolangelo (at) cre-sources (dot) com
954.880.1150 / 954-290-3866 (Mobile)