Rilea Group Acquires Land In Miami From Jamison Properties For $5.7M

The asset involved in this transaction is a land parcel located at 31–37 NE 28th St., situated in the Miami market. This property was sold for $5,700,000, with a buildable square foot (BSF) measure of 12,250, equating to a price per buildable square foot (PPBSF) of $465.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $5,700,000
• Address: 31–37 NE 28th St.
• Market: Miami
• Asset Price per Square Foot: $465
• Buildable Square Feet: 12,250
• Buyer: Rilea Group
• Buyer's Representatives: Alan Ojeda and Diego Ojeda
• Seller: Jamison Properties
• Seller's Representative: Michael Wolk
• Buyer's Representative: Alfredo Riascos - Gridline Properties
• Seller's Representative: Alfonso Jaramillo - Fortune International Realty

Key individuals in this transaction include the buyers, Alan and Diego Ojeda from Rilea Group, and the sellers, Michael Wolk representing Jamison Properties. The deal was facilitated by Alfredo Riascos who represented the buyers through Gridline Properties, while Alfonso Jaramillo represented the sellers via Fortune International Realty.