Alchemy Acquires Development Site In Wynwood, Miami For $18M

The development site located at 18 NW 23rd St in Wynwood, Miami, has been sold in a transaction. The property spans an area of 34,200 square feet, with a price per square foot of $526. The sale price for the site amounts to $18,000,000, and the building size is estimated to be 136,800 square feet, resulting in a price per buildable square foot of $132.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,000,000
• Address: 18 NW 23rd St, Wynwood, Miami
• Market: Wynwood, Miami
• Square Feet: 34,200
• Price per Square Foot: $526
• Building Size: 136,800 square feet
• Price per Buildable Square Foot: $132

The buyer, Alchemy, was represented by their broker representative, ABR. The seller of the development site was The Salvation Army. The transaction was facilitated by Roget Lerner, Steve Bodden, and Jack Lerner from Ecclesiastical Realty.