The development site located at 3047 Biscayne Boulevard in Miami was sold for $12,400,000. Spanning 20,240 square feet, the property was acquired by Sebastian Lanusse of Grupo Frali from Hiren Desai of 3H Group. The transaction was facilitated by Ovy Anghel and Francisco Rodriguez of APEX Capital Realty.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $12,400,000
• Buyer: Sebastian Lanusse - Grupo Frali
• Seller: Hiren Desai - 3H Group
• Brokers: Ovy Anghel & Francisco Rodriguez - APEX Capital Realty
• Address: 3047 Biscayne Boulevard
• Market: Miami
• SF: 20,240
• PPSF: $613

Ovy Anghel and Francisco Rodriguez from APEX Capital Realty played key roles as the brokers in the transaction, connecting the buyer and seller in the sale of the development site. Grupo Frali, led by Sebastian Lanusse, sealed the deal with the purchase of the property from 3H Group, represented by Hiren Desai.