ES Windows Acquires Development Site On Biscayne Boulevard, Miami For $5.5M

The development site located at 5101 Biscayne Boulevard in Miami was sold for $5,500,000. The property spans 30,000 square feet, resulting in a price per square foot of $183. The transaction took place on 04/12/2024, with the buyer being ES Windows and the sellers being Ricardo Caporal and Avra Jain. The buyer was represented by Asher Abadi from Onecore Realty, while the seller was represented by Alfredo Riascos from Gridline Properties.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Market: Miami
• Buyer: ES Windows
• Seller: Ricardo Caporal & Avra Jain
• Buyer's Rep: Asher Abadi - Onecore Realty
• Seller's Rep: Alfredo Riascos - Gridline Properties
• Address: 5101 Biscayne Boulevard
• SF: 30,000
• PPSF: $183

Alfredo Riascos from Gridline Properties represented the sellers, Ricardo Caporal and Avra Jain, in the sale of the development site. On the other side of the deal, Asher Abadi of Onecore Realty acted as the representative for the purchasing entity ES Windows. The successful transaction underscores the strategic importance of engaging experienced real estate professionals like Riascos and Abadi to navigate complex property acquisitions effectively.