Aasif Bade Of Ambrose Purchases 6.25-Acre Development Site In Miami For $15.35M

A 6.25-acre vacant development site located at the Southwest Corner of Northwest 106th Street & Northwest 112th Avenue in Miami was sold for $15,350,000. The asset, part of Miami-Dade’s Beacon Station, previously had plans for a 145,700 square foot data center before the sale, and despite no development taking place, the property appreciated from its $13,700,000 sale last year.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $15,350,000
• Buyer: Aasif Bade - Ambrose
• Seller: Randy Brouckman - EdgeConneX
• Asset Size: 6.25 acres
• Market: Miami

Aasif Bade represented Ambrose in the transaction. Randy Brouckman represented EdgeConneX in the sale of the property, which is associated with Ambrose's $400 million real estate fund targeting data centers and logistics.