Evolve Companies Acquires Development Site In Miami For $9.8M

An investment property located at 535 NW 35th St in Miami has been sold in a closed transaction. The property, classified as a development site, was sold for a total price of $9,800,000. It spans across a total area of 41,025 square feet, with a price per square foot of $239. The transaction included the sale of 140 units, resulting in a price per unit of $70,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,800,000
• Address: 535 NW 35th St
• Market: Miami

The buyer, Evolve Companies, represented by John McDonald and Mike Winstead Jr, acquired the property from TECTUM USA. TECTUM USA's representatives in the deal were Julian Diaz and Diego Estrada. The transaction was facilitated by the broker team of Fabio and Sebastian Faerman from FA Commercial.