City Of Miami Acquires Development Site On Flagler Street For $5M

5350 West Flagler Street

Development Site

28,920 SF

Sold 84 days ago

Summary

Sale

FLORIDA

Development Site

28,920 sqft

Summary of transation details

Property Type: Development Site
Transaction Amount: $5,000,000
Address: 5350 West Flagler Street
Market: Miami
SF: 28,920
PPSF: $173
Buyer: Andrew Frey - City of Miami
Seller: Marcos Puente - MMG Flagler

Details

Deal Summary

SOLD

IMAGE: Marcos Puente DATE: 02/15/2024 ADDRESS: 5350 West Flagler Street MARKET: Miami ASSET TYPE: Development Site BUYER: Andrew Frey - City of Miami SELLER: Marcos Puente - MMG Flagler SALE PRICE: $5,000,000 SF: 28,920 ~ PPSF: $173 NOTE FROM SELLER: MMG has sold a vacant bank branch to the City of Miami for an affordable senior housing development. MMG is currently in a 1031 exchange and seeking a replacement property(s) up to $16,500,000; specifically, we are seeking to purchase strip centers in Miami Dade County 25,000 Sq Ft and above. Please reach out to [email protected] with any on or off market strip centers that meet the above criteria - all brokers are protected and we are happy to sign NDA's.

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Address5350 West Flagler Street

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