{"id":7339,"date":"2021-01-02T14:11:47","date_gmt":"2021-01-02T19:11:47","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=7339"},"modified":"2023-01-25T15:28:02","modified_gmt":"2023-01-25T20:28:02","slug":"retail-storefront-assemblage-closed-for-3-9-million-on-busy-sr-922-ne-125th-street-corridor-in-north-miami","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2021\/01\/02\/retail-storefront-assemblage-closed-for-3-9-million-on-busy-sr-922-ne-125th-street-corridor-in-north-miami\/","title":{"rendered":"Retail Storefront Assemblage Closed for $3.9 Million on Busy SR-922 NE 125th Street Corridor in North Miami"},"content":{"rendered":"<div id=\"pl-7339\"  class=\"panel-layout\" ><div id=\"pg-7339-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7339-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7339-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-5b99f59c01c9-7339\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW.png\" width=\"2500\" height=\"1042\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW.png 2500w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW-512x213.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW-1280x534.png 1280w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW-768x320.png 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW-1536x640.png 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/01\/PR-Banner_859-890-NE-125th-St-CW-2048x854.png 2048w\" sizes=\"(max-width: 2500px) 100vw, 2500px\" title=\"Calum Winsor Arranges Sale of Retail Storefront for $3.9 M on NE 125th Street Corridor in North Miami\" alt=\"Calum Winsor Arranges Sale of Retail Storefront for $3.9 M on NE 125th Street Corridor in North Miami\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<h3 class=\"widget-title\">Calum Winsor Arranges Sale of Retail Storefront for $3.9 M on NE 125th Street Corridor in North Miami<\/h3><\/div><\/div><\/div><\/div><div id=\"pg-7339-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7339-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7339-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: justify\">MIAMI, Florida\u2014January 18,\u00a0 2021\u2014<a href=\"https:\/\/www.lee-associates.com\/southflorida\/\"><strong>Lee &amp; Associates South Florida<\/strong><\/a> proudly announces the closed sale of a 14,368 SF multi-tenant retail storefront assemblage on half an acre at 859-890 NE 125<sup>th<\/sup> Street in North Miami, Florida. Lee &amp; Associates South Florida Vice President, <a href=\"https:\/\/www.lee-associates.com\/southflorida\/calum-winsor\/\">Calum Winsor<\/a>, represented both seller, <strong>859 889 NE 125 STREET LLC<\/strong>, and buyer, <strong>859 NM RETAIL LLC<\/strong>, in the transaction.<\/p>\n<p style=\"text-align: justify\">Prior to marketing the property, the three-parcel assemblage had been impacted by the COVID-19 pandemic with several retail tenants vacating the property. Calum Winsor successfully managed a marketing strategy of leasing the vacant spaces to credit tenants including <strong>Payless Shoe Source<\/strong>, bringing the retail storefront property to 100% occupancy prior to negotiating the sale contract. The property closed on December 14<sup>th<\/sup>, 2020 for $3.9 million at $275\/sf \u2013 trading over 20% above the highest closed comparable in that submarket, post-pandemic.<\/p>\n<p style=\"text-align: justify\">The ten-unit retail center features floor to ceiling retail storefront windows spanning over 200 feet of direct frontage to the nearly 32,000 vehicles per day along the busy SR-922 NE 125th Street Corridor that connects I-95 to one of Miami's most luxurious beach communities of Bal Harbour. The property is well positioned within North Miami\u2019s 'Neighborhood Redevelopment Overlay' as well as the 'Planned Corridor Development Overlay' and the 'Arts, culture and design overlay district (AOD)' for excellent future mixed-use redevelopment opportunity where several other similar developments are already underway.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-7339-2\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-7339-2\" ><div id=\"pgc-7339-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7339-2-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: justify\"><a href=\"https:\/\/www.lee-associates.com\/southflorida\/\"><strong><u>About Lee &amp; Associates | South Florida<\/u><\/strong><\/a><\/p>\n<p style=\"text-align: justify\">Lee &amp; Associates | South Florida is a full service commercial real estate brokerage firm providing the highest level of service to South Florida\u2019s diverse industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, a 4th generation Miami native in a family that has owned and operated commercial property in the South Florida market since 1928. Our bilingual culture allows for open communications throughout the company, fostering collaboration and information sharing. In addition, the Lee &amp; Associates\u2019 robust national network that sold and leased nearly $16 Billion in commercial real estate in 2019 offers clients a cross-market platform of services and expertise across all asset specialties and representation roles.<\/p>\n<p style=\"text-align: justify\"><a href=\"http:\/\/www.lee-associates.com\"><strong><u>About Lee &amp; Associates<\/u><\/strong><\/a><\/p>\n<p style=\"text-align: justify\">Lee &amp; Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee &amp; Associates has grown its service platform to include offices\u00a0in the United States and Canada. Lee &amp; Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee &amp; Associates, visit <a href=\"http:\/\/www.lee-associates.com\">lee-associates.com<\/a> or follow us on <a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>, <a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a> and <a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-7339-2-0-1\" class=\"so-panel widget widget_sow-image panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-dbf295114b96-7339\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/southflorida\/services\/\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-scaled.jpg\" width=\"2560\" height=\"384\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-scaled.jpg 2560w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-300x45.jpg 300w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-1024x154.jpg 1024w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-768x115.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-1536x230.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Retail-Specialty-2048x307.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Blog Footer_Retail Specialty\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>MIAMI, Florida\u2014January 18,\u00a0 2021\u2014Lee &amp; Associates South Florida proudly announces the closed sale of a 14,368 SF multi-tenant retail storefront assemblage on half an acre at 859-890 NE 125th Street in North Miami, Florida. Lee &amp; Associates South Florida Vice President, Calum Winsor, represented both seller, 859 889 NE 125 STREET LLC, and buyer, 859 NM RETAIL LLC, in the transaction. Prior to marketing the property, the three-parcel assemblage had been impacted by the COVID-19&#8230;<\/p>\n","protected":false},"author":76,"featured_media":7340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1817,2,106],"tags":[82,1837],"class_list":["post-7339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-investment-sale","category-press-releases","category-retail","tag-calum-winsor","tag-deals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Retail Storefront Assemblage Closed for $3.9 Million on Busy SR-922 NE 125th Street Corridor in North Miami - Lee &amp; Associates South Florida<\/title>\n<meta name=\"description\" content=\"Lee &amp; Associates South Florida&#039;s Calum Winsor arranged the sale of a 14,368 SF multi-tenant retail storefront assemblage in North Miami\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2021\/01\/02\/retail-storefront-assemblage-closed-for-3-9-million-on-busy-sr-922-ne-125th-street-corridor-in-north-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Storefront Assemblage Closed for $3.9 Million on Busy SR-922 NE 125th Street Corridor in North Miami\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; 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