Sabal Development Acquires Development Site In Miami Beach For $4.2M | 5440 La Gorce Drive | Jean Echemendia | Development Site | Sale

Summary

Sale

FLORIDA

Development Site

12 sqft

Located at 5440 La Gorce Drive in Miami Beach, this development site was recently sold in a closed property transaction. The property is a development site, offering potential for future construction and expansion. The sale took place on November 16, 2022, with a sale price of $4,200,000.

Summary of Transaction Details:

Property Type: Development Site
Sale Price: $4,200,000

The buyer, Sabal Development, was represented by Pascal Nicolai from Florida Realty of Miami, Corp. The seller was Justin Yoshimura. Jean Echemendia from Douglas Elliman served as the seller's representative in this transaction.

The development site has a buildable square footage (BSF) of 12,000. The price per buildable square footage (PPBSF) was $350. The transaction involved prominent individuals and companies, making it a noteworthy deal in the Miami Beach market.

Players

All
2

Agents
1
Agencies
1

Jean Echemendia

Broker Associate

$21.3M Sold

Douglas Elliman

Details

Deal Summary

SOLD

IMAGE: Jean Echemendia & Pascal Nicolai DATE: 11/16/2022 ADDRESS: 5440 La Gorce Drive MARKET: Miami Beach ASSET TYPE: Development Site BUYER: Sabal Development (@SabalDev) - Pascal Nicolai (@PascalNicolai) SELLER: Justin Yoshimura BUYER'S REP: Florida Realty of Miami, Corp (@FloridaRealtyofMiami) SELLER'S REP: Jean Echemendia (@Teslagrl) - Douglas Elliman (@DouglasElliman) SALE PRICE: $4,200,000 BSF: 12,000 ~ PPBSF: $350

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Address5440 La Gorce Drive

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