Mocca Group Acquires Development Site At 5100 Pine Drive From David And Elizabeth Skipp For $6.2M

The asset involved in this transaction is a development site located at 5100 Pine Drive in the Coral Gables market. The sale was finalized at a price of $6,200,000, with a building square footage of 12,000 and a price per building square foot of $516. The site encompasses a total square footage of 4,272, resulting in a price per square foot of $1,451.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,200,000
• Building Square Footage: 12,000
• Price per Building Square Foot: $516
• Total Square Footage: 4,272
• Price per Square Foot: $1,451
• Buyer: Mocca Group
• Seller: David and Elizabeth Skipp
• Buyer's Representative: Alex Pirez - Mocca Group
• Seller's Representative: Jose Nicolas - Compass

Key individuals in this transaction include Alex Pirez, who represented the buyer, Mocca Group, and Jose Nicolas, representing the sellers, David and Elizabeth Skipp. Their involvement played a crucial role in facilitating the deal, ensuring both parties' interests were managed effectively throughout the transaction process.