Development Site At 5975 North Bayshore Drive Sold For $10.8 Million In Miami

The transaction involved a development site located at 5975 North Bayshore Drive in Miami. The property was sold for a total price of $10,800,000. It has a building size of 15,000 square feet, resulting in a price per building square foot of $720. The overall square footage of the site is 29,300, leading to a price per square foot of $368.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,800,000
• Building Size: 15,000 sq ft
• Price per Building Square Foot: $720
• Total Site Square Footage: 29,300 sq ft
• Price per Square Foot: $368
• Date of Transaction: 02/14/2025
• Brokers: Jackie Diop - One Sotheby’s International Realty; Joel Lusky & Alexander Knips - The Brokerage South Florida Real Estate

Jackie Diop represented the seller in this transaction, while Joel Lusky and Alexander Knips were involved as representatives from The Brokerage South Florida Real Estate, showcasing a collaboration between multiple brokerage firms in facilitating the deal.