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Mill Creek Residential And Adler Development Acquire Development Site In Miami For $17.5M

Property Image
SOLD
$17,500,000
Jose Mota
Roberto Pesant
Omar Morales
+ 1

Florida

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Development Site
Sold 12/20/2021
the dealplayerscompscontact
Property Image
SOLD

Mill Creek Residential And Adler Development Acquire Development Site In Miami For $17.5M

230 Southwest 2nd Avenue, Miami, FL 33130

See Similar Deals
Development Site
Sold 12/20/2021
Jose Mota
Roberto Pesant
Omar Morales
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

A development site located at 230 SW 2nd Avenue in Miami has been sold for $17,500,000. The property spans approximately 0.9 acres and is being acquired by Mill Creek Residential and Adler Development from the seller, Adler Group. The transaction took place on December 20, 2021.

Summary of transaction details:

  • Property Type: Development Site
  • Sale Price: $17,500,000
  • Address: 230 SW 2nd Avenue
  • Market: Miami
  • Buyer: Mill Creek Residential and Adler Development
  • Seller: Adler Group
  • Brokers: Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota - Berkadia
  • Units: 428
  • Price per Unit (PPU): $40,888

Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia acted as the brokers in this transaction. This sale represents a significant investment in the Miami market.

Players

Jaret Turkell
Berkadia
Jaret Turkell
49 deals$3.2B volume
BROKER
Roberto Pesant
Berkadia
Roberto Pesant
32 deals$2.3B volume
BROKER
Omar Morales
Berkadia
Omar Morales
40 deals$2.7B volume
BROKER
Jose Mota
Cushman & Wakefield
Jose Mota
22 deals$1.2B volume(786) 886-9804
BROKER
Mill Creek Residential
Mill Creek Residential
BUYER
AG
Adler Group
SELLER

Details

SOLD
IMAGE: Jaret Turkell, Roberto Pesant, Omar Morales & Jose Mota DATE: 12/20/2021 ADDRESS: 230 SW 2nd Avenue MARKET: Miami ASSET TYPE: Development Site ~ ACRES: 0.9 BUYER: Mill Creek Residential and Adler Development SELLER: Adler Group BROKERS: Jaret Turkell (@Deal_Crush), Roberto Pesant, Omar Morales (@OmarMora1es) & Jose Mota (@JoseRMota) - Berkadia SALE PRICE: $17,500,000 UNITS: 428 ~ PPU: $40,888

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0.94x

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