Hidden lake miami4/9/2023 ![]() “Global interest in South Florida’s commercial real estate assets has always been significant. Leveraging our experience and best-in-class technology we consistently find the right buyers and drive top values for our clients,” says Cary Cohen. “Our strategic marketing campaign and methodology to reach qualified buyers across the globe resulted in a competitive process across five different continents allowing us to procure the perfect buyer for this property. This pandemic era has seen an unprecedented amount of interest from domestic buyers seeking to place capital in Florida. Global interest in Miami’s commercial real estate has always been significant. The property’s corner location at SW 127th Avenue and SW 128th Street offers maximum exposure to passing traffic, and is in close proximity to residential neighborhoods including Country Walk, the Crossings, Deerwood and the Hammocks, within five minutes from Miami Executive Airport, and has convenient access to major transportation systems through MDX SR-874 ramp connector. This 62,744 square foot Class A retail property features two buildings with beautiful lake views and 279 parking spaces (4.45 spaces per 1,000 SF). We were able to close within 45 days of listing it.” “Assets like Hidden Lakes are highly sought after. Cohen procured the buyer, a 1031 exchange investor. “This offering presented investors the rare opportunity to acquire an immaculate, newly constructed stabilized shopping center with upside potential,” said Cary Cohen. Cary Cohen, Executive Vice President of Blanca Commercial Real Estate, represented the seller, the Shoppes at Hidden Lake, LLP. The property sold for $26 million, and although 96% leased, it offered a value-added opportunity with the ability to increase rents. Blanca Commercial Real Estate, a leading independently woman and minority-owned, full-service commercial real estate services firm in South Florida, announced today the sale of Shoppes at Hidden Lake, located in Kendall, Florida.
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