XEBEC Acquires 4.7 Acre Development Site In Miami From Terra For $7.5M

Located in Miami, the development site at 1010 NW 72nd Street has been sold in a recent transaction. The property, spanning approximately 4.7 acres, was purchased by XEBEC from the seller, Terra - David Martin. The deal was facilitated by Andrew Gurewitsch and Gridline Properties' Alfredo Riascos. The sale price for the property was $7,525,000, resulting in a price per acre of $1,601,063.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,525,000
• Address: 1010 NW 72nd Street
• Market: Miami

The deal involved XEBEC acquiring the development site from Terra - David Martin, with Andrew Gurewitsch and Alfredo Riascos representing the buyer. This transaction highlights the ongoing real estate activities in Miami, showcasing the demand for development sites in the area.