Lennar Corp. Acquires Development Site In Miami For $24.5M

A development site located at 8290 SW 120 Street in Miami has been sold for a price of $24,500,000. The buyer in this transaction is Lennar Corp., while the seller is Sabal Development. The sale took place on March 23, 2022, and the property is characterized by a building square footage (BSF) of 433,422. The price per building square footage (PPBSF) is calculated to be $57.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $24,500,000
• Address: 8290 SW 120 Street, Miami
• Buyer: Lennar Corp.
• Seller: Sabal Development
• BSF: 433,422
• PPBSF: $57

Pascal Nicolai was the representative from Pascal Nicolai mentioned in the transaction.