$20M Worth Of Property Sells At One Brickell Intersection

Just days apart, two properties on the same SW 8th Street intersection in Brickell were sold, in separate transactions and to separate buyers.

In the first transaction on May 15th, a 26,600 square foot property currently housing a Wendy’s restaurant was sold for $10.5 million. The buyer is Brickell City Rentals, managed by Juan Cachoua. An 89-unit senior housing apartment building called Vista Grande was recently completed next door.

The second property sold at the intersection was a Citgo gas station. The 23,966 square foot property was sold to Millenium Developments Of Brickell, LLC for $9.25 million on May 30th. The station sits next door to West Brickell View, a 64-unit senior housing project built by the same developer as Vista Grande. A 98-unit project called City Heights was also recently completed across the street. Petroleum contamination has been reported at the station.