MV Group USA Closes on the Sale for $6,000,000 for the Newly Developed Flagler Ponce Shops

Manny Angelo Varas, the Developer & Builder of this 13,000 SF Ground
up New Construction Shopping Center

MIAMI–(BUSINESS WIRE)–MV Group USA announces the closing of the sale in the amount of
$6,000,000 for 13,000 SF Dollar Tree & My Eyelab located at 3631 W.
Flagler Street (which is located on the corner of Ponce de Leon Blvd &
West Flagler Street).

MV Group USA assembled three parcels: 3631 (formerly Wellmax Medical),
3633 (a parking lot) & 3635 (formerly Revoltosa) with an assembled lot
size totaling 23,813 sf and all three properties were closed on March
24, 2016 through a subsidiary solely owned by Manny Angelo Varas,
Flagler Ponce Development LLC in the amount of $2,400,000.

MV Group was then able to secure and execute a lease with corporate
national retailer Dollar Tree to occupy 10,000 SF & My Eyelab to occupy
nearly 3,000 sf of retail. The property was successfully developed in
record time. The existing structures were demolished, architectural
plans designed and approved, the property was leased and constructed
ground up from acquisition to completion. The property was listed by
Tony Arrellano and Rayza Perez of Dwntwn Realty Advisors for $6,300,000
and closed on May 9, 2019 for $6,000,000. The developer had a loan with
BB&T bank for $3,180,000.

“We are thrilled to have developed this great property as it will
further define the growth and appeal of the Flagler Ponce corridor,and
we are honored to contribute to the ongoing development of the area,”
said Varas, the project’s developer, general contractor and alumnus of
Harvard University’s distinguished Graduate School of Design.

MV Group is currently developing and under construction on a new retail
center on 9901 Bird Road which shall be a Dunkin Donuts & AT&T wireless
center and has recently sold several of its new developments including
in the design district retail property at 4136 N. Miami Avenue for
$10,500,000 and its neighboring property 4141 N. Miami Avenue for
$10,500,000, both of which were brokered by Tony Arrellano of DWNTWN
realty advisors.

Contacts

MV Group USA -Mercedes Gonzalez 305-668-3122 mercedes@mvgroupusa.com