Evolve Companies Acquires Development Site In Miami For $9.8M

A development site located at 543, 553, 579, 583, 585 & 535-539 Northwest 35th Street in Miami has been sold. The transaction took place on 09/06/2022, and the property was purchased for a total of $9,800,000. The buyers of the property are Evolve Companies, represented by Mike Winstead Jr. and Joe McKinney. The sellers of the property are Mery Najera Dominguez, Julian Diaz, and Juan Diego Estrada. The deal was facilitated by Fabio & Sebastian Faerman from FA Commercial - Fortune International Realty. The lender involved in the transaction is First Carolina Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,800,000
• Buyer: Evolve Companies - Mike Winstead Jr. & Joe McKinney
• Seller: Mery Najera Dominguez, Julian Diaz & Juan Diego Estrada
• Brokers: Fabio & Sebastian Faerman - FA Commercial - Fortune International Realty
• Lender: First Carolina Bank

The property acquisition was led by Evolve Companies, with Mike Winstead Jr. and Joe McKinney at the helm. Fabio and Sebastian Faerman from FA Commercial - Fortune International Realty represented both the buyer and the sellers in the transaction. First Carolina Bank provided the financing for the deal. The development site, located in Miami, offers significant potential for future development and growth.