NEXT Development Group Acquires Development Site At 5401 Northwest 7th Avenue For $3.8M

The development site located at 5401 Northwest 7th Avenue in the Model City area encompasses a total of 35,966 square feet. The transaction was settled at a sale price of $3,800,000, resulting in a price per square foot of $105.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $3,800,000
• Square Footage: 35,966
• Address: 5401 Northwest 7th Avenue
• Market: Model City
• Buyer's Representative: Benjamin Hoffman - Gridline Properties
• Seller's Representative: Alfredo Riascos - Gridline Properties
• Price per Square Foot: $105

Benjamin Hoffman and Alfredo Riascos, both from Gridline Properties, acted as the representatives for the buyer, NEXT Development Group, and seller, BCS Capital Group, respectively, facilitating the transaction between these parties.