Wednesday, June 8, 2016

Retail center sold for 131% gain

The Sabina Shopping Center in southwest Miami-Dade County sold for $12.5 million, a 131 percent gain from its last trade four years ago.

Carlos Segrera, director of acquisitions and finance at North Miami-based IMC Equity Group, said his company sold the 51,000-square-foot retail center at 4001 S.W. 152nd Ave. to Venetto Group. The deal was financed by an $8.13 million loan from Banesco USA. The selling broker was Kirk Olson with Marcus & Millichap.

IMC Equity Group affiliate Sabina 40 St LLC acquired…


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