California Real Estate Firm Under Contract For Mixed-Use Plottage In Miami For $17.5M

The asset involved in this transaction is a mixed-use property located at 1741, 1751, 1757, and 1771 Northwest 20th Street, as well as 1732, 1748, and 1762 Northwest 21st Street in Miami. The transaction is currently under contract for a sale price of $17,500,000. This mixed-use property consists of a combined total of approximately 25,000 square feet of warehouse space situated on roughly 69,000 square feet of land.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $17,500,000
• Square Footage: 25,000
• Price per Square Foot: $700
• Market: Miami
• Brokers: Lukas Andrea Foiani & Alessandro Saponaro - AFS Living

The transaction is facilitated by a real estate firm from California, which is currently under contract for the acquisition of the aforementioned plottage of lots as part of an off-market deal. Architects are developing plans for a future project that will include 330 residential units, office spaces, and ground-floor commercial areas.