Mana Adds Another Property To His Flagler Street Monopoly Board
Israeli Businessman Moishe Mana Has Purchased 110 East Flagler For $4,500,000
Miami, FL – June 23, 2015 – (RealEstateRama) — Israeli businessman Moishe Mana has purchased a 6,000-square-foot Flagler Street retail property, located close to the corner of East Flagler and NE 1st Avenue.
The building, 110 East Flagler, situated on a 6,194-square-foot parcel, was fully occupied at the time of purchase, including tenants 7-11 and Optimy Stik Eyewear.
Mana paid $4,500,000 for the asset, which equates to $750 per square foot for the building and $727 per square foot for the land.
The transaction closed June 16.
Shai Ben-Ami and Mika Mattingly of Sterling Equity Commercial represented Mana in the purchase. Boris Kozolchyk of Pointe Group Advisors represented the seller, 110 E. Flagler, Inc., an entity managed by Abe Franco.
“Moishe Mana’s vision is taking shape and his instinctive strategy and master plan will be revealed in the very near future. We are truly honored to be a part of Moishe’s team and to be engaged in his vision,” commented Ben-Ami.
Mana recently acquired 32 SE 1st Street, a property comprised of a 1920-built retail building totaling 29,748 square feet on a 19,775-square-foot parcel, for $7.8 million
The 110 East Flagler purchase brings Mana’s Miami Urban Core acquisition total to more than 530,000 square feet of retail properties, and approximately 5 acres of land.
Contact:
Debbie Colangelo
CRE-sources, Inc.
dcolangelo (at) cre-sources (dot) com
954.880.1150 (Office) / 954-290-3866 (Mobile)
