Casal Represents Buyer of Falls Area Showroom/Warehouse
Miami, FL – September 22, 2020
Casal Group announced the purchase of the former Benson Lighting Building, an area landmark in the Falls Area. Ernesto Casal, Principal of Casal Group, represented AAR Management Company, LLC in the purchase of the showroom and warehouse property located at 12955 SW 87th Avenue, Miami, FL 33175. The purchase price was $1.725M.
The buyer is associated with Bouche Appliances, a family owned, high-end appliances and remodeling company established in 1949. They are expanding and upgrading into this larger space, just a block away from their former, smaller location.
The property is well situated at a highly visible location, just one block away from US Highway 1, and The Falls shopping center in Miami, FL.
The transaction occurred in the midst of the COVID-19 pandemic, which is indicative of the continuing movement in the South Florida commercial real estate market, even during these uncertain times.
Casal Group is a full-service commercial brokerage serving the South Florida industrial and office markets. Based in Miami, Casal Group oversees brokerage and development activities for private client groups and multi-national corporations. For further information, contact the Casal Group at 305-591-3606 or visit www.casal.com.