The $40.5 million sale of the South Dade Shopping Center in Cutler Bay represents an $11.24 million discount from the property's 2006 sale price.
January 03, 2013 at 12:00 AM
1 minute read
An institutional real estate investor has acquired a Cutler Bay shopping center for $40.5 million, an $11.24 million discount from the property’s 2006 sale price.
South Dade Shopping LLC, a Delaware company managed by Principal Real Estate Investors, on Dec. 21 added the South Dade Shopping Center to its portfolio. The cash transaction was recorded by Miami-Dade County on Monday.
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