JUST SOLD! in the heart of South Miami & Coral Gables

Eric Eisenberg and Madison Gordon of SouthEast Atlantic Realty Group, Inc. represented the Seller and procured a buyer to purchase The Ravlin Properties portfolio for $9.3 million. The transaction went very smoothly. Both Seller & Buyer are happy! Congratulations to both parties!!!
For the first time in 65 years,
The Ravlin Properties,
located next to the brand new 2-story,
beautiful glass CVS on
Sunset Drive & Red Road, sold for $9.3 million.
65 years ago, these properties were built by the Seller’s grandfather.
Although these 3 adjacent properties are in the heart of the South Miami/Coral Gables area, they have the benefit to the new owner of being zoned under the governmental jurisdiction of Unincorporated Miami-Dade County.
Eric Eisenberg had been representing the Property Owner for 4 years in the leasing of their properties before his clients asked him to assist them in the selling of their properties.
The properties were 100% leased at the time of the sale.
The tenants are comprised of multi-unit & long term operators.
Where & What Is It
Centrally located & adjacent to the popular intersection of Sunset Drive & Red Road (aka SW 72nd St. & S.W. 57th Ave.), the collection of assets span +1.3 acres.
The 3 properties include 7255 SW 57th Ave. (aka The Ravlin Building) which is a 12,663 sf retail Shopping Center that is 100% leased & sits on a 25,740 sf lot. Next, 7242 SW 56 Ave. which is a 1,372 sf hair salon operated by the same Tenant for 16 years that is on a 12,500 sf lot. Also, 7230 SW 56th Ave. which is a 6,250 sf lot currently used by CVS for parking.
See below aerial:
Aerial of Three Adjacent Properties
How They Did It
A) Eric & Madison marketed the property’s strong real estate fundamentals
inclusive of its:
-Surrounding strong residential communities
-Average household incomes of approximately $124,000.00.
-Daytime employee population of 23,000 people in a 1 mile radius.
-Strong vehicle traffic counts directly in front of the property and all around it.
-Major traffic generators in the area.
B) Eric & Madison procured multiple competitive offers and ultimately selected
a local buyer with an appetite for high-quality, performing multi-tenant properties
that closed quickly in an all cash transaction.
About the relationship between Eric Eisenberg and his clients, Eric said, “Ownership is comprised of a very special family. One that believes in transparency and doing what you say you are going to do. They trusted me and I trusted them. We shared with each other all business relating to the properties. Good news, bad news, boring news, exciting news. We had a bond that was based on communication and we communicated almost every day. Transparency makes everything so much easier. These are the reasons we had so much success.”
Eric Eisenberg
C: 786-486-5800 | O: 305-447-0051 | F: 305-441-2029 | E: eeisenberg@searealtygroup.net

SouthEast Atlantic Realty Group, Inc. (SEA)

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