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Blackstone Acquires 6.4-Acre Property In Miami Springs For $15.5M

Property Image
SOLD
$15,500,000

Florida

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Land
Sold 05/24/2023
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Property Image
SOLD

Blackstone Acquires 6.4-Acre Property In Miami Springs For $15.5M

7320 Northwest 61st Street Miami, Florida 33166, USA

See Similar Deals
Land
Sold 05/24/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

Blackstone has purchased a 6.4-acre property located at 7320 Northwest 61st Street in Miami Springs, Florida, for a total of $15.5 million. The property includes a vehicle storage and propane sales business, which will help address the shortage of parking spaces for trucks and heavy equipment in Miami-Dade County. This acquisition reflects the increasing value of auto storage facilities with fuel and service amenities.

Summary of Transaction Details

  • Property Type: Land
  • Transaction Amount: $15,500,000
  • Address: 7320 Northwest 61st Street
  • Market: Miami
  • Acres: 6.4

The buyer, Blackstone, acquired the property from Davant Development Corp, with Stuart Davant representing the seller in the transaction.

Players

Blackstone
Blackstone
BUYER
SD
Stuart Davant
2 deals$39M volume
SELLER
SD
Stuart Davant
2 deals$39M volume
SELLER

Details

SOLD
IMAGE: 05/24/2023 ADDRESS: 7320 Northwest 61st Street MARKET: Miami ASSET TYPE: Land ~ ACRES: 6.4 BUYER: Blackstone (@Blackstone) SELLER: Davant Development Corp - Stuart Davant SALE PRICE: $15,500,000 NOTE: Blackstone has purchased a 6.4-acre property in Miami Springs, Florida, for $15.5 million, acquiring a vehicle storage and propane sales business. The acquisition addresses the shortage of parking spaces for trucks and heavy equipment in Miami-Dade county, reflecting the increasing value of auto storage facilities with fuel and service amenities.

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