DACRA Acquires Development Site In Miami Design District For $1.3M

The asset involved in the closed transaction is a development site located at 27 NW 39th Street in the Miami Design District. The sale price for this property was $1,300,000, with a total square footage of 5,000, resulting in a price per square foot of $260.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $1,300,000
• Address: 27 NW 39th Street
• Market: Miami Design District
• Square Footage: 5,000
• Price per Square Foot: $260
• Buyer: DACRA - Craig Robins
• Seller: ESJ Capital Partners - Arnaud Sitbon
• Brokers: Alex K. Tsoulfas & Martin Bravo - APEX Capital Realty

Craig Robins, representing DACRA, was involved in the acquisition, while Arnaud Sitbon represented ESJ Capital Partners as the seller. The transaction was facilitated by brokers Alex K. Tsoulfas and Martin Bravo from APEX Capital Realty, who played a key role in the deal process and negotiations.