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West Pine & Alta Development Acquire 0.47-Acre Brickell Development Site For $15M

180 Southwest 9th Street
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This Development Site property located in FL was sold for $15,000,000 over 1 year ago. The brokers of the deal were Virgilio Fernandez, Gerard Yetming, and Mitash Kripalani

The sale of Ninth Street West Brickell, a 0.47-acre development site located at 160 and 180 SW 9th Street in Brickell, Miami, has been completed. The site, zoned T6-24-0, offers the potential to build up to 200 units per acre. The seller, Progesti Corp. and Corporation, represented by Jose Nunez Key and Jaime Brugos, respectively, successfully marketed the property with the assistance of brokers Virgilio Fernandez, Gerard Yetming, and Mitash Kripalani from Colliers. The sale price for the property was $15,000,000, equivalent to $714 per square foot.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $15,000,000
  • Address: 160 & 180 SW 9th St, Brickell, Miami
  • Market: Brickell, Miami
  • Buyer: West Pine - Timothy Haskin & Alta Development - Henry Pino
  • Seller: Progesti Corp. - Jose Nunez Key & Corporation - Jaime Brugos
  • Broker: Virgilio Fernandez, Gerard Yetming & Mitash Kripalani - Colliers

Colliers is proud to have facilitated this transaction, achieving a record price and demonstrating their ability to assist owners and buyers in reaching their investment goals. For further inquiries or to discuss the value of your own property, you may contact Virgilio at (305) 613-4507.

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Deals
  • Location
    180 Southwest 9th Street bri180 Southwest 9th Street bri
  • Sale Price
    $15,000,000$15,000,000
    $714 PPSF$714 PPSF
  • Area
    21,000 SF21,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Virgilio Fernandez

Virgilio Fernandez

Deals34
Sold$172.9M

Agency

Colliers International

Colliers International

Agency
Deals1643
Volume$35.7B

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Deal Summary

SALE IMAGE: Virgilio Fernandez, Gerard Yetming & Mitash Kripalani DATE: 10/21/2022 ADDRESS: 160 & 180 SW 9th St MARKET: Brickell, Miami ASSET TYPE: Development Site BUYER: West Pine- Timothy Haskin & Alta Development - Henry Pino SELLER: Progesti Corp. – Jose Nunez Key & Corporation - Jaime Brugos BROKER: Virgilio Fernandez (@Vboundless), Gerard Yetming & Mitash Kripalan - Colliers SALE PRICE: $15,000,000 BSF: 531,259 ~ PPBSF: $28 SF: 21,000 ~ PPSF: $714 NOTE FROM BROKER: Colliers is pleased to announce the sale of Ninth Street West Brickell, a 0.47-acre development site. The site consists of two parcels strategically located off Eighth Street at 180 SW 9th Street and 160 SW 9th Street in Miami, FL. The site is zoned T6-24-0, which allows a developer to build up to 200 units an acre. Colliers represented the seller and successfully marketed the property producing a record price sale of $15,000,000 ($714 Per SF ) for their client. Let's have a conversation about your property's current value. Our team is able to assist owners and buyers in reaching their investment goals. You may reach Virgilio at (305) 613-4507.

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