Teddy Sagi, Jorge Pérez, And Jon Paul Pérez Acquire North Miami Development Site For $11.03M

A development site in North Miami has been sold for $11,030,000. The property, located at 2305 NE 123rd Street, spans 46,424 square feet and has a price per square foot of $238. The buyer of the site is Teddy Sagi, Jorge Pérez, and Jon Paul Pérez, while the seller is Mario Murgado. The deal was facilitated by brokers Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Berkley Bloodworth from Avison Young.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,030,000
• Address: 2305 NE 123rd Street, North Miami
• Market: North Miami

Teddy Sagi, Jorge Pérez, and Jon Paul Pérez were the buyers of the development site, while Mario Murgado was the seller. Avison Young represented both parties in the transaction, with brokers Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and Berkley Bloodworth overseeing the deal.