Rotem Rosen & Anand Mahindra Acquire Edgewater Miami Development Site For $30M

The property asset involved in this transaction is a development site located at 1851 NE 2 Ave in the Edgewater Miami market. The sale price was $30,000,000, with a total building square footage of 1,345,740, resulting in a price per building square foot of $22. The site has a total square footage of 61,170, which translates to a price per square foot of $490.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 1851 NE 2 Ave
• Market: Edgewater Miami
• Total Building Square Footage: 1,345,740
• Price per Building Square Foot: $22
• Total Square Footage: 61,170
• Price per Square Foot: $490
• Buyer: Rotem Rosen & Anand Mahindra
• Seller: Javier Cervera
• Buyer's Representative: Estrella Perez - EP Realty Group Inc
• Seller's Representative: Joel Rodriguez - Global Investments Realty

Key individuals involved in the deal include buyers Rotem Rosen and Anand Mahindra, who were represented by Estrella Perez from EP Realty Group Inc. On the seller's side, Javier Cervera was represented by Joel Rodriguez from Global Investments Realty.