NAI Miami Negotiates Sale Of Shoppes Of Old Cutler For $330 PSF

NAI Miami announced that the team of Jeremy Larkin and Joseph Gallaher recently negotiated the sale of The Shoppes of Old Cutler located at 20210-20236 Old Cutler Road in Cutler Bay.

The seller was Lider Net Mall, LLC and the new buyer is New Cutler Bay Shops, LLC.  The sale price was $4,875,000 or approximately $330 per square foot.

Shoppes of Old Cutler was originally developed by NAI Miami for Old Cutler, LLC in 2005 and was sold by the Larkin/Gallaher Team in 2012 for $3,500,000 to Lider Net Mall, LLC.

Since developing the shopping center, NAI Miami leased and managed the nearly 15,000-square-foot retail strip center, maintaining its occupancy levels close to 100% since it opened for business.

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