Greystar Acquires Development Site In Downtown Doral South For $19.25M

A development site located at 8425 Northwest 41st St in Downtown Doral South, Miami has been sold for $19,250,000. The property is situated in a prime location and offers great potential for development. The site has a total square footage of 175,000, resulting in a price per square footage of $110.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $19,250,000
• Address: 8425 Northwest 41st St, Miami
• Market: Downtown Doral South

The buyer of the property is Greystar, represented by Bob Faith. The seller is Codina Partners. The deal was facilitated by Manuel de Zárraga, Jaret Turkell, Maurice Habif, and Simon Banke of HFF. Their expertise and negotiation skills contributed to the successful transaction.

This sale marks a significant investment in the Downtown Doral South market, showcasing the demand for development opportunities in the area. Greystar's acquisition of the property signifies their commitment to expanding their portfolio and capitalizing on the growth potential of the market. Codina Partners, the seller, has successfully monetized their asset, capitalizing on the high demand for development sites in the area.