Rotem Rosen & Anand Mahindra Acquire Development Site In Edgewater Miami For $30M

Located at 1851 NE 2nd Ave in Edgewater Miami, this development site has been sold in a closed transaction. The sale took place on September 7, 2022. The property spans a total of 61,170 square feet, with a purchase price of $490 per square foot. The transaction was valued at $30,000,000, with a total building square footage (BSF) of 1,345,740. The price per BSF came out to be $22.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 1851 NE 2nd Ave
• Market: Edgewater Miami

The buyers of this development site are Rotem Rosen and Anand Mahindra, while the seller is Javier Cervera. Representing the buyers in this transaction is Estrella Perez from EP Realty Group Inc. On the other hand, Joel Rodriguez from Global Investments Realty served as the seller's representative.