Thursday, May 15, 2014

Doral shopping center trades for $19.4M

Shoppes at MICC acquired for $7 million more than 2005 purchase price!


A Doral retail center changed hands for $19.4 million. 
Miami-based Shoppes at MICC Ltd. sold the 7780 Northwest 25th Street center on May 2, according to Miami-Dade County records. The county recorded the transaction on Tuesday. The company paid about $12.2 million for the 60,541-square-foot building in February 2005.
Amos Shoshan is the managing member of Shoppes at MICC
Shoppes at MICC Investments of Coral Gables is the buyer. The company received a $10 million loan from City National Bank of Florida for the acquisition. The center was constructed on nearly five acres in 2002.

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