Menesse International & Lucid Investment Group Acquire Development Site In Miami For $23.5M

A development site located at 143 Southwest Ninth Street in Miami has been sold for $23,500,000. The property spans approximately 0.7 acres and is owned by Habitat Group. The transaction took place on 07/11/2022 and the buyer is represented by Menesse International and Lucid Investment Group, with Andrew Rasken involved in the deal. The seller's representative is Alfonso Jaramillo from Fortune International Realty. The site is comprised of 39 units, with a price per unit of $810,345.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $23,500,000
• Address: 143 Southwest Ninth Street, Miami
• Sale Date: 07/11/2022
• Buyer: Menesse International; Lucid Investment Group - Andrew Rasken
• Seller: Habitat Group
• Buyer's Representative: Margarita Sanclemente - Douglas Elliman
• Seller's Representative: Alfonso Jaramillo - Fortune International Realty
• Units: 39
• Price per Unit: $810,345

Margarita Sanclemente from Douglas Elliman represented the buyer in this transaction, while Alfonso Jaramillo from Fortune International Realty represented the seller. The involvement of Menesse International and Lucid Investment Group, with Andrew Rasken, adds further diversity to the buyer's side. This deal presents an opportunity for development in a prime location in Miami, with significant potential returns on investment.