North Development Group Acquires Development Site In Miami For $14.95M

A development site located at 221 & 229 Southwest 11th Street in Miami has been sold for a price of $14,950,000. The property spans over 22,237 square feet and has a price per square foot of $672. The building's total square footage is 397,355, resulting in a price per total square foot of $38.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $14,950,000
• SF: 22,237
• PPSF: $672
• BSF: 397,355
• PPBSF: $38
• Address: 221 & 229 Southwest 11th Street, Miami

The buyer of the development site is North Development Group represented by Eduardo Vargas Quevedo, Arturo Vidal, Ricardo Dunin, and Juan Carlos Tassara. On the other hand, the seller is Angela M Sharkey & Schrager Trust.