Canero Group Acquires Development Site On Belle Meade Island Drive In Miami For $3.6M

A development site located at 900 Belle Meade Island Drive in Miami has been sold in a closed transaction. The property, spanning 12,750 square feet, was purchased by Jose A. Canero and Justin R. Rundle of the Canero Group. The sale price for the development site was $3,600,000, which translates to a price per square foot of $282. The transaction took place on January 5, 2024. The seller of the property was Manly Danh.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,600,000
• Address: 900 Belle Meade Island Drive, Miami
• Market: Miami
• Buyer: Jose A. Canero & Justin R. Rundle - Canero Group
• Seller: Manly Danh
• Square Footage: 12,750
• Price per Square Foot: $282

Jose A. Canero and Justin R. Rundle, representing the Canero Group, acted as the buyers in this transaction. Manly Danh was the seller of the development site. The deal was closed on January 5, 2024, with a sale price of $3,600,000. The property spans 12,750 square feet and is located at 900 Belle Meade Island Drive in Miami.