South Properties II LLC Acquires Development Site In Coral Gables For $13.95M

A development site located at 625 Leucadendra Drive in Coral Gables has been sold for $13,950,000. The property spans 83,035 square feet, resulting in a price per square foot of $168. The transaction took place on December 16, 2019.

Summary of transation details

• Property Type: Development site
• Transaction Amount: $13,950,000
• Square Footage: 83,035
• Price Per Square Foot: $168

The seller, IFG Florida Inc., was represented by Francisco Gonzalez Perez. The buyer, South Properties II LLC, was represented by Carlos Correa Ballesteros. The brokers involved in the deal were Maurice Boschetti and Silvia Boschetti from Boschetti Realty Group, as well as Ralph Arias from One Sotheby's International Realty.