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Retail investor sells commercial property in Surfside

Retail investor sells commercial property in Surfside
5,000 sf lot last sold for $2.38M in 2013
September 17, 2015 10:30AMBy Katherine Kallergis

9553 Harding Avenue in Surfside

A commercial property in Surfside has sold for $5.75 million, Miami-Dade County records show.
Bal Harbour Landmark LLC, a company led by Pablo Lupinacci, sold the property, at 9553 Harding Avenue. Lupinacci is a retail and medical office investor in the Southeastern U.S., according to his Loopnet profile.
The three-story building, on Harding Avenue between 95th Street and 96th Street, was built in 1957. It sits on a 5,000-square-foot lot, according to Miami-Dade property records.
Tenants include Pescecane Ristorante and Samy Gicherman Couture. The 13,539-square-foot building is about a block away from Bal Harbour Shops, which has plans for a $400 million-plus renovation and expansion – pending village approval of a land swap.
The buyer is 9553 Harding Investment LLC, a company that lists real estate attorney Peyton White Lumpkin of Coral Gables-based Lumpkin Law Firm P.A. Lumpkin has represented clients involved in Biscayne Landing, Miami Science Museum and national retail tenants such as Burger King, Tires Plus and Nissan, according to the firm’s website.
The property last sold for $2.38 million in 2013, records show. New developments in the area include the Fendi Château Residences, a high-end luxury hotel developed by an Israeli-Turkish partnership and the Surf Club Four Seasons.

Source: The Real Deal

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