Peter Gonzalez Purchases Development Site At 7860 Northeast Bayshore Court For $1.998M From Arash Gohari & Roy Hausmann

The asset involved in the transaction is a development site located at 7860 Northeast Bayshore Court in the Miami market. The sale was finalized for a price of $1,998,000. The property encompasses a buildable square footage (BSF) of 30,000 and is priced at approximately $66 per BSF. The actual square footage (SF) of the site is reported to be 12,839, which equates to a price per square foot (PPSF) of $155.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,998,000
• Buyer: Peter Gonzalez
• Seller: Arash Gohari & Roy Hausmann - 27 Capital
• BSF: 30,000
• PPBSF: $66
• SF: 12,839
• PPSF: $155

27 Capital and Leon Roy Hausmann facilitated the sale of the property. They initially acquired it out of distress and developed a strategic plan to enhance its value. The team executed a comprehensive development plan, which included entitling the site and completing the building design, transitioning the asset into a fully entitled, execution-ready development opportunity. Thank you to everyone who contributed to closing this transaction.