Whole Foods Market in North Miami sells for $20M

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The newly constructed building housing Whole Foods Market in North Miami has sold for $19.8 million.

CBRE Senior VP Dennis Carson and senior associate Todd Weintraubrepresented seller Biscayne Partners in the transaction for the 36,000-square-foot building, at 12150 Biscayne Blvd.

The seller, which is managed by Aria Mehrabi, was able to pay off a $13 million mortgage from U.S. Bank. The building was completed in May.

CBRE identified the seller as Happiness Inc.

“Single-tenant Whole Foods are rarely available to investors, and this one’s very strategic location and the demographics of northeastern Miami-Dade County were especially appealing to investors,” Carson said in a news release.

CBRE’s Casey Rosen and David Donnellan also represented the seller in the transaction.

South Florida Business Journal

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