Apex Capital Realty Acquires Development Site In Downtown Miami For $30M

An 45,000 square foot development site located at 222 NE 1st Ave & 50 - 60 NE 3rd St in Downtown Miami has been sold for a price of $30,000,000. The property was listed by broker Rani Hussami, CCIM from APEX Capital Reality. The sale price translates to a price per square foot of $667, showcasing the high value of this development site.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Square Footage: 45,000
• Address: 222 NE 1st Ave & 50 - 60 NE 3rd St
• Market: Downtown Miami

Rani Hussami, CCIM from APEX Capital Reality represented the seller in this transaction. The sale of this development site demonstrates the strong demand for properties in Downtown Miami. The buyer, seller, landlord, and tenant involved in this deal have not been disclosed in the provided CONTEXT.