Pedro Camejo's CAM Group LLC Acquires Little Havana Development Site For $6.6M

A development site located at 2515, 2521, 2525, 2510 SW 8 ST & 711 Beacom Blvd in the Little Havana market has been sold in a closed transaction. The transaction took place on December 31, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,600,000

Pedro Camejo of CAM Group LLC purchased the property from seller Rick Prete. The buyer was represented by Eddie Toledo and Jonathan De La Rosa from Marcus & Millichap.

The development site spans a total area of approximately 42,273 square feet. The sale price amounts to $156 per square foot. The building square footage is estimated to be 243,895, resulting in a price per buildable square foot of $27.

Eddie Toledo and Jonathan De La Rosa note that this transaction involved the sale of five properties with existing income. The structures on the site will be demolished to make way for a new apartment building consisting of approximately 189 units and 8,000 square feet of retail space.