Jarrett Posner's BMC Investments Acquires Land On North Bay Road In Miami Beach For $10.95M

Located at 5860 North Bay Road in Miami Beach, this property is a land asset that was recently sold in a transaction. The sale took place on November 21, 2020.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $10,950,000
• Market: Miami Beach

The buyer of this property is Jarrett Posner, representing BMC Investments. On the other hand, the seller is Jennifer Valoppi and Christian de Berdouare, the owners of Chicken Kitchen.

Brett Harris, from Douglas Elliman, acted as the buyer's representative in this deal. Mirce Miki Curkoski and Albert Justo, from ONE Sotheby's Realty, represented the sellers.

The property has a building size of 30,000 square feet and a price per square foot of $365. Notably, this land was previously owned by Pablo Escobar, adding to its historical significance.