Ram Realty Advisors Acquires 17.8 Acre Development Site In Miami For $13.2M

The University of Miami has sold a development site in Miami for a price of $13,200,000. The site, located at 15601 & 15301 Southwest 127th Avenue, spans 17.8 acres. This significant property transaction was finalized on January 22, 2022. The sale was facilitated by Ram Realty Advisors' Casey Cummings, who acted as the buyer's representative.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,200,000
• Address: 15601 & 15301 Southwest 127th Avenue
• Market: Miami
• Acres: 17.8

This sale marks a significant milestone for both the seller, The University of Miami, and the buyer, Ram Realty Advisors. Casey Cummings, representing Ram Realty Advisors, successfully negotiated the deal. The sale of this development site demonstrates the University of Miami's strategic move to divest this asset, while Ram Realty Advisors sees the potential value and opportunity for future growth in this prime Miami location.