Stephen Meruelo Acquires Development Site In Miami From Jacob Lee For $1.2M

The property involved in this transaction is a development site located at 542 Northwest 34th Street in Miami. The site sold for $1,200,000, encompassing a total square footage of 7,200, which translates to a price per square foot of $166.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,200,000
• Square Footage: 7,200
• Price Per Square Foot: $166
• Buyer: Stephen Meruelo
• Seller: Jacob Lee
• Broker: Pablo Rodriguez - Gridline Properties

The deal saw Stephen Meruelo as the buyer and Jacob Lee as the seller, representing the completion of the transaction facilitated by broker Pablo Rodriguez from Gridline Properties.