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The Sabet Group Acquires Development Site In Edgewater For $14.3M

Property Image
SOLD
$14,300,000

Florida

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Development Site24,500 SF
Sold 09/21/2022
the dealdetailscomps
Property Image
SOLD

The Sabet Group Acquires Development Site In Edgewater For $14.3M

1600 NE 2nd Ave

See Similar Deals
Development Site24,500 SF
Sold 09/21/2022
the dealdetailscomps

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$583
Total Square Footage:24,500 SF
Transaction Type:Sale

The Sabet Group has acquired a development site located at 1600 NE 2nd Ave in the Edgewater market. The property spans a total of 24,500 square feet and was sold for a price of $14,300,000. This translates to a price per square foot of $584. The site has a buildable square footage of 220,000, resulting in a price per buildable square foot of $65.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $14,300,000
  • Address: 1600 NE 2nd Ave
  • Market: Edgewater

Ruben Ruban from SVN Commercial Partners represented The Sabet Group in this transaction.

Players

SG
Sabet Group
BUYER

Details

SOLD
IMAGE: 09/21/2022 ADDRESS: 1600 NE 2nd Ave MARKET: Edgewater ASSET TYPE: Development Site BUYER: The Sabet Group (@andresabetfard) BROKER: Ruben Ruban - SVN Commercial Partners SALE PRICE: $14,300,000 BSF: 220,000 ~ PPBSF: $65 SF: 24,500 ~ PPSF: $584

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