Sperry Van Ness Commercial Advisor, John C. Lonardo, CCIM has brokered the sale of the John M. Stabile Building one of Coral Gables earliest commercial buildings located in the CBD “Museum District”. The 4,933 sq. ft. historic Mediterranean Revival architecture located at the Corner of Aragon Avenue and Salzedo Street sold for $1,961,500. Space Coast Credit Union has been a tenant in the building for ten years and has renewed their lease. The seller Julius Ser, has operated a book store and gift shop at the corner for the past 40 years, and sold the property to 290 Aragon LLC., Ray Valori Managing Member. The new owner plans to renovate the building and re-let the corner retail space and 2nd floor loft office suite. Lonardo, a Coral Gables commercial specialist, was the sole broker in the transaction.
About Sperry Van Ness:
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 990 advisors in over 150 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets every one of its clients’ properties to the entire brokerage community as well as its own investor data base. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness represents clients in billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svncr.com.