Masoud Shojaee Acquires Development Site In Miami For $34 Million

A development site located at 3650 Bird Road in Miami has been sold for a total of $34,000,000. The property spans 104,377 square feet and was sold at a price of $326 per square foot. The buyer of the property is Masoud Shojaee, while the sellers are Dan O'Malley and Carlos Bellosta.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $34,000,000
• Address: 3650 Bird Road, Miami
• Buyer: Masoud Shojaee
• Sellers: Dan O'Malley and Carlos Bellosta

The deal was facilitated by the brokers Michael T. Fay, Brian C. de la Fé, John K. Crotty, David Duckworth, and David Spillers from Avison Young. The property has a building square footage (BSF) of 1,085,521, with a price per BSF of $31. This transaction marks a significant milestone in the Miami market, showcasing the demand for development sites in the area.