BlokHaus Real Estate Acquires Development Site In Miami For $13.5M

The development site located at 2650 Biscayne Boulevard in Miami was sold for $13,500,000. The property spans 30,266 square feet with a price per square foot of $446. The building has a buildable square footage of 21,798 and a price per buildable square foot of $619. The sale was completed by Roger Schindler & Neal Sandberg, with Juan Alvarez and Carolina Villabona from BlokHaus Real Estate + Investments representing the seller.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,500,000
• Address: 2650 Biscayne Boulevard
• Market: Miami
• Square Footage: 30,266 SF
• Price per Square Foot: $446
• Buildable Square Footage: 21,798 BSF
• Price per Buildable Square Foot: $619

The deal was facilitated by Juan Alvarez and Carolina Villabona from BlokHaus Real Estate + Investments. Their combined experience of over 18 years in observing South Florida's growth led to the successful negotiation of the sale. The buyers, a demanding investor, were seeking the best site for a land development project, and the brokers ensured they secured the prime location at a competitive rate of $450.00 per square foot. This prime location on Biscayne Blvd is set to be part of a flourishing neighborhood and is poised to become one of Miami's most sought-after markets in the near future.