Eduardo Otaola Of Constellation Group Acquires Development Site In Miami For $12M

The asset involved in this transaction is a development site located at 3000 Southwest 28th Lane in Miami. The sale price for the property was $12,000,000. The total square footage of the property was 51,168, with a price per square foot of $234. Additionally, the building size factor (BSF) was recorded at 27,973 and price per building size factor (PPBSF) at $428.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Buyer: Eduardo Otaola - Constellation Group
• Seller: John Farrey
• Broker: Andres Betancourt - Keller Williams Realty

Andres Betancourt successfully represented both the buyer and seller in this transaction, facilitating the deal and ensuring a smooth closing process. This representation underscores the professionalism and expertise provided in such transactions.