Moishe Mana paid $7.75 million for this Miami property.
Israeli real estate investor Moishe Manacontinued his downtown Miami buying spree by picking up a corner property at 140 N. Miami Ave.
Mika Mattingly and Shai Ben-Ami, of Sterling Equity Commercial, represented Mana's Jersey Art Holdings in the $7.75 million acquisition. The seller was Brown Asset Two, represented by Gabriel Simkin of Miami Land Group.
The 25,375-square-foot building traded for $305 per square foot. The two-story building, not the 15,000-square-foot lot, was built in 1925.
Within the past year, Mana has spent more than $68 million being property along East Flagler Street in downtown Miami. He owns over 440,000 square feet of retail property downtown.
Mattingly noted that Mana's new property is close to the Miami Central station being constructed for All Aboard Florida.
"When an aerial color-coded map of Mr. Mana's downtown acquisition is finally published, it will reveal an incredibly intuitive buying pattern," Mattingly said.
Mana hasn't disclosed his plans for his downtown Miami real estate holdings.
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