MIAMI—Miami Gardens Shopping Center has traded for $11.025 million. MMG Equity Partners snapped up the 112,141-square-foot grocery-anchored shopping center in Miami Gardens.
Miami Gardens Shopping Center is strategically located on Miami Gardens Drive, the
primary east-west commercial artery in northern Miami-Dade, and NW 7th Ave. The retail location offers an extremely dense and high traffic area: 60,000 cars pass the site daily and about 185,000 people live within three miles of the property.
“We were attracted to the center by the strong anchor sales generated by the regional supermarket chain,” Gabriel Navarro, principal of MMG, tells GlobeSt.com. “The stable tenant mix, and the immediate upside potential created by the vacant outparcel building, made the asset that much more attractive to us.”
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