Babba Yesharim Acquires Development Site In Miami River District For $2.5M

The development site located at 1100 & 1110 NW N River Drive in Miami River District, Riverside has been sold. The property is situated in a prime location and offers great potential for development. The transaction was completed on 02/11/2022 at a sale price of $2,500,000. The property's market value is evident from its building size of 21,365 square feet, resulting in a price per square foot of $117. The buyer of this development site is Babba Yesharim, represented by Urban Core Capital. Aaron DeMayo from Live Luxury Realty acted as the buyer's representative. Alex Larmier from Compass represented the seller in this off-market deal.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Address: 1100 & 1110 NW N River Drive
• Market: Miami River District, Riverside
• Buyer: Babba Yesharim - Urban Core Capital
• Buyer's Representative: Aaron DeMayo - Live Luxury Realty
• Seller's Representative: Alex Larmier - Compass
• Building Size: 21,365 SF
• Price per Square Foot (PPSF): $117

This off-market deal was finalized within a short timeframe, with a 0-day inspection period and closing taking place within two weeks of the effective date. The efficient completion of this transaction highlights the expertise of the involved parties and their ability to navigate quick and successful deals.