MIAMI-BayBridge Real Estate Group has completed the sale of a shopping center located at 195 SW 15 Road and 134 SW 13 St for $15.4 million. Publix is the anchor tenant of the shopping center measuring 38,913 square feet. The cap rate was nearly 5% on income in 2011.

BayBridge's managing director Adam Greenberg and its vice president Mike Lapointe negotiated the deal on behalf of the seller. For the full story, go to Florida Real Estate Journal .


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.