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Related Group & Two Roads Development Acquires Development Site In Bal Harbour For $130M

Property Image
SOLD
$130,000,000
Jonathan (John) Sultan
Omar Morales
Jaret Turkell
+ 1

Florida

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Development Site325,360 SF
Sold 08/26/2021
the dealplayerscompscontact
Property Image
SOLD

Related Group & Two Roads Development Acquires Development Site In Bal Harbour For $130M

10245 Collins Avenue

See Similar Deals
Development Site325,360 SF
Sold 08/26/2021
Jonathan (John) Sultan
Omar Morales
Jaret Turkell
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$399
Total Square Footage:325,360 SF
Transaction Type:Sale

An development site located at 10245 Collins Avenue in Bal Harbour was recently sold for a total of $130,000,000. The property has a total of 88 units and a building square footage (BSF) of 325,360. The price per building square footage (PPBSF) was approximately $340. The transaction took place on August 26, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $130,000,000
  • Address: 10245 Collins Avenue
  • Market: Bal Harbour
  • Units: 88
  • BSF: 325,360
  • PPBSF: $340

The buyers of the development site were Related Group and Two Roads Development. The sale was facilitated by brokers Jaret Turkell, Scott Wadler, Omar Morales, and Jon Sultan of Berkadia.

Players

Scott Wadler
Berkadia
Scott Wadler
160 deals$9.8B volume
BROKER
Jaret Turkell
Berkadia
Jaret Turkell
49 deals$3.2B volume
BROKER
Omar Morales
Berkadia
Omar Morales
40 deals$2.7B volume
BROKER
Jonathan (John) Sultan
Jonathan Sultan
4 deals$152.6M volume(954) 940-2448
BROKER
Jonathan (John) Sultan
Jonathan Sultan
4 deals$152.6M volume(954) 940-2448
BROKER
Related Group
Related Group
BUYER
Two Roads Development
Two Roads Development
BUYER
Related Group
Related Group
LENDER

Details

SOLD
IMAGE: Jaret Turkell, Scott Wadler, Omar Morales & Jon Sultan DATE: 08/26/2021 ADDRESS: 10245 Collins Avenue MARKET: Bal Harbour ASSET TYPE: Development Site BUYER: Related Group & Two Roads Development BROKERS: Jaret Turkell (@Deal_Crush), Scott Wadler (@Swadler1), Omar Morales (@OmarMora1es) & Jon Sultan (@The_Sultan13) - Berkadia SALE PRICE: $130,000,000 BSF: 325,360 ~ PPBSF: $340 UNITS: 88

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