Gabriel Navarro & Marcos Puente Acquire Development Site In West Kendall For $7.5 Million

The asset involved in this transaction is a development site located at the northwest corner of Coral Way & Southwest 144th Avenue in the West Kendall market of Miami. The sale price for this property was set at $7,500,000, comprising an area of 286,189 square feet, which translates to a price per square foot of $26.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Address: Northwest corner of Coral Way & Southwest 144th Avenue
• Market: West Kendall, Miami
• Square Footage: 286,189
• Price per Square Foot: $26
• Buyer: Gabriel Navarro & Marcos Puente - MMG Equity Partners

Gabriel Navarro and Marcos Puente, representing MMG Equity Partners, are planning to build 38 luxury townhomes and approximately 24,500 square feet of retail space on the newly acquired site.