Coconut Grove Mixed-Use - Aerial

Coconut Grove Mixed-Use Properties

This assignment involved the assessment and valuation of a number of separate but contiguous properties that were the subject of an attempted re-development assemblage at the main entrance to Coconut Grove.  The portfolio consisted of a multi-tenant retail property, a small apartment, and some detached single-family homes.  Parts of the portfolio were encumbered by long-term ground leases, and the existence of a “sandwich” tenant position (sublease), making for a complex assignment.