Portland Holdings Acquires Development Site In Little River Miami From Ronny Herrera For $725,000

The property involved in this transaction is a development site located at 7512-7520 Northeast 3rd Court in Little River, Miami. The sale price for this asset was $725,000, with a total square footage of 10,000 and a price per square foot of $72.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $725,000
• Square Footage: 10,000
• Price per Square Foot: $72
• Buyer: Portland Holdings
• Seller: Ronny Herrera
• Broker: Ron Mann - MCG Realty Advisors
• Current Zoning: T5-R allowing the construction of up to 14 dwelling units

Ron Mann, the Managing Director for MCG Realty Advisors, represented the seller, Ronny Herrera, in this transaction involving the sale of two multifamily development lots in the Little River area, which is experiencing growth and development.