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Bayfront Garage

255 NE 1st Street, Miami, FL

bayfront garage 1 Bayfront Garage

Submarket: Downtown Miami
Property Type: Garage/Development Site
Sold Price: $25,000,000
Represented: Both buyer and seller

Problem: This site was a covered land play, but most buyers were evaluating it as a parking garage, but the real value was in the future development potential.

Process: We created amazing marketing materials that made apparent development was the end game.

Outcome: We brought in a strong buyer who went hard day 1with their deposit and closed a month later.

Date Sold: 11/1/21
Building Size: 257,712 sqf
Lot Size: 37,500 sqf

MAP
Urban Core Division Miami Commercial Real Estate Logo

Call us at +1 (786) 486-4391

urban core logo wide Bayfront Garage
Urban Core Division
48 E Flagler Street, Unit 2
Miami, FL 33131

+1 (786) 486-4391

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