First Quality Enterprises Acquires 2.6 Acre Land In Downtown Miami For $50.8M

On November 22, 2022, a land transaction took place in Downtown Miami. The property, located at 200 NW First Avenue & 195 NW Second Street, spans an impressive 2.6 acres. This prime piece of land was sold by Florida East Coast Industries, represented by Henry M. Flagler, to First Quality Enterprises, represented by Kambiz Damaghi. The transaction was facilitated by Robert Given from Cushman & Wakefield. The sale price for this valuable asset amounted to $50,800,000.

Summary of Transaction Details

• Property Type: Land
• Transaction Amount: $50,800,000
• Address: 200 NW First Avenue & 195 NW Second Street
• Market: Downtown Miami
• Buyer: First Quality Enterprises - Kambiz Damaghi
• Seller: Florida East Coast Industries - Henry M. Flagler
• Broker: Robert Given - Cushman & Wakefield
• Acres: 2.6

The sale of this significant land asset showcases the thriving real estate market in Downtown Miami. Both the buyer, First Quality Enterprises, and the seller, Florida East Coast Industries, recognized the value of this prime location. The transaction was successfully negotiated by Robert Given, a reputable broker from Cushman & Wakefield. This deal demonstrates the demand for land in the downtown area and the trust placed in the expertise of real estate professionals like Robert Given.