Codina Partners Acquires Development Site In Coral Gables For $13.2M

Ana Codina & Armando Codina have sold a development site located at 2151 Salzedo Street in Coral Gables. The property was sold for a price of $13,200,000. The site spans approximately 1.3 acres, resulting in a price per acre of $10,153,846.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,200,000
• Address: 2151 Salzedo Street, Coral Gables
• Market: Coral Gables
• Buyer: Codina Partners - Armando Codina
• Seller: Mercedes-Benz of Coral Gables
• Acres: 1.3
• Price per Acre: $10,153,846

The buyer, Codina Partners, represented by Armando Codina, successfully acquired the development site from the seller, Mercedes-Benz of Coral Gables. This strategic acquisition adds to Codina Partners' portfolio in the Coral Gables market.