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