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

8000-80120 East Drive
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This Development Site property located in FL was sold for $47,700,000 4 months ago. The broker of the deal was Armando Romero

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.

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Deals
  • Location
    8000 East Drive8000 East Drive
  • Sale Price
    $47,700,000$47,700,000
    $180 PPSF$180 PPSF
  • Area
    264,000 SF264,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker1 Broker

Agent

Armando Romero

Armando Romero

Deals3
Sold$59.5M

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Deal Summary

SALE 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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8000-80120 East Drive

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