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Macklowe Properties Acquires Development Site In North Bay Village For $47.7M

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SOLD
$47,700,000

Florida

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Development Site264,000 SF
Sold 10/31/2023
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SOLD

Macklowe Properties Acquires Development Site In North Bay Village For $47.7M

8000 East Drive & 80120 East Drive

See Similar Deals
Development Site264,000 SF
Sold 10/31/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$180
Total Square Footage:264,000 SF
Transaction Type:Sale

Macklowe Properties has acquired a development site in North Bay Village for $47,700,000. The property, located at 8000-80120 East Drive, spans 132,000 square feet and was sold by Biscayne Sea Club. This transaction represents a price per square foot of $361.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $47,700,000
  • Date: 10/31/2023
  • Address: 8000-80120 East Drive
  • Market: North Bay Village

The deal was facilitated by Armando Romero from BrokerNation Real Estate, who represented Macklowe Properties in the acquisition.

Players

Armando Romero
Armando Romero
3 deals$59.5M volume
BROKER
MP
Macklowe Properties
BUYER

Details

SOLD
IMAGE: Armando Romero DATE: 10/31/2023 ADDRESS: 8000-80120 East Drive MARKET: North Bay Village ASSET TYPE: Development Site BUYER: Macklowe Properties SELLER: Biscayne Sea Club BROKER: Armando Romero (@The_Miami_Broker) - BrokerNation Real Estate (@BrokerNationRE) ASKING PRICE: $55,000,000 SALE PRICE: $47,700,000 SF: 132,000 ~ PPSF: $361

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