Property Markets Group Acquires Development Site In Miami From RedSky Capital & JZ Capital For $11.5M

2407 Northwest 2nd Avenue, Miami, FL, USA

$11,500,000

$821/SF

Building Size

14,000 SF

Asset Type

Development Site

Closing

Dec 3, 2020

AI

Property Markets Group (PMG) has acquired a development site in Miami for $11,500,000. The property, located at 2407 Northwest 2nd Avenue, spans 14,000 square feet and was sold by RedSky Capital and JZ Capital. The sale took place on December 4, 2020.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $11,500,000
Market: Miami
Square Footage: 14,000
Price per Square Foot: $821

Property Markets Group's (PMG) acquisition of the development site in Miami was facilitated by Ryan Shear, Kevin Maloney, and Daniel Kaplan from PMG's team. The sellers, RedSky Capital and JZ Capital, were represented in the deal by their respective representatives.

Players