Rava Group Properties Acquires 5.37 Acre Development Site In Medley, FL For $6.5M

A development site in Medley, FL has been sold for $6,500,000. The property, located at the intersection of NW 113 Avenue and NW 112 Court, spans 5.37 acres. With a price per acre of $1,210,428, this transaction represents a significant investment in the area.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $6,500,000
• Address: NW 113 Avenue & NW 112 Court, Medley, FL
• Market: Medley, FL
• Buyer: Wendy & Randy Vargas - Rava Group Properties
• Seller: Lizbeth Arencibia - Medley 5371
• Buyer's Representative: Andres Perez-Cervera - Real Estate Sales Force (RESF)
• Seller's Representative: Ernesto Casal - Casal Group
• Acres: 5.37
• Price Per Acre: $1,210,428

This transaction was facilitated by the buyer's representative, Andres Perez-Cervera of Real Estate Sales Force (RESF), and the seller's representative, Ernesto Casal of Casal Group. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.