Marcus & Millichap Sells 1.2 Acre Development Site In Miami For $7.85M

An expansive development site in Miami has recently been sold for a noteworthy price. Located at 18801 W. Dixie Highway, the property spans across 1.2 acres, offering great potential for future development. The transaction was facilitated by Alex D. Zylberglait from Marcus & Millichap, who represented the parties involved. The sale of this development site marks a significant deal in the Miami market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,850,180
• Address: 18801 W. Dixie Highway
• Market: Miami
• Asset Type: Development Site
• Size: 1.2 acres

This transaction showcases the expertise and negotiation skills of Alex D. Zylberglait from Marcus & Millichap, who successfully represented the parties in this deal. This confirms their reputation as a trusted broker in the real estate market. With a sale price of $7,850,180 and a buildable square footage of 52,148, this transaction provides a valuable investment opportunity in Miami. The price per buildable square foot (PPBSF) stands at $151, highlighting the potential profitability of this development site.