Edward Schmidt, CCIM, SIOR, Co-Chairman and Craig Merlin, Vice President of NAI Miami | Fort Lauderdale, represented the seller, 1106, LLC. in the $2,602,250.00 sale of retail buildings located at 1106-1122 North Flagler Avenue, Homestead, FL 33030, to Mohammad Bhuiyan, represented by Faisal Awan and Fuad Azadi from Realty One Group Plus.
The property consists of three one-story retail buildings totaling 10,308 square feet on a 0.87-acre land parcel along North Flagler Avenue, a main thoroughfare that runs north-south through the city of Homestead, serving as a major artery for traffic and commerce.
“This acquisition is located in a rapidly growing area of Homestead which is seeing a lot of development on the residential and retail sides,” said Merlin.
“The buyer is positioned to continue receiving good income on the purchase with an option to redevelop in the future,” added Schmidt.
This transaction reflects the on-going investor demand for income-producing retail assets in evolving South Florida markets.
For additional information on this transaction or other opportunities, please visit our website: www.naimia-ftl.com.
