Overtown Associates LLC Acquires Development Site In Overtown For $5.19M

A development site located at 226 NW 10th St in Overtown has been sold for a price of $5,190,000. The property, measuring 72,252 square feet, was acquired by Overtown Associates LLC, represented by Michael Simkins. The transaction took place on March 31, 2020. The seller in this deal was Southeast Overtown/Park West Community Redevelopment Agency. The market value of this development site in Overtown makes it a valuable asset for the buyer.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,190,000
• Address: 226 NW 10th St, Overtown
• Market: Overtown
• Buyer: Overtown Associates LLC - Michael Simkins
• Seller: Southeast Overtown/Park West Community Redevelopment Agency

Michael Simkins, representing Overtown Associates LLC, played a significant role in the acquisition of this development site. His involvement highlights his expertise in the real estate market and his ability to identify valuable assets in Overtown. With this transaction, Overtown Associates LLC has positioned themselves as a key player in the Overtown market.