Jorge Zajia Acquires Miami River Development Site For $3.075M

A development site located at 750 & 760 NW N River Drive in Miami River's Spring Garden neighborhood has been sold. The property, a development site, spans a total of 26,000 square feet. It was sold for a price of $3,075,000, with a price per square foot of $118. The buyer of the property is Jorge Zajia, while the seller is Gran Ritchie. The transaction was facilitated by Tomas Sulichin from RelatediISG International Realty.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $3,075,000
• Address: 750 & 760 NW N River Drive, Miami River, Spring Garden
• Market: Miami River, Spring Garden
• Buyer: Jorge Zajia
• Seller: Gran Ritchie
• Broker: Tomas Sulichin - RelatediISG International Realty

Tomas Sulichin, a representative from RelatediISG International Realty, played a key role in facilitating this transaction. The development site, with a building square footage of 50,000, had an asking price of $3,400,000. The buyer successfully negotiated the sale price to $3,075,000, resulting in a price reduction. This transaction provides an opportunity for future development in the Miami River area, thanks to the efforts of all parties involved.