Sabal Development Acquires Land In Miami For $4.6M With Buyers Rep Mathieu Rochette & Sellers Rep Pascal Nicolai

A land asset located at 4040 Kiaora St in Miami has recently been sold in a closed transaction. The property, with a total square footage of 36,000, was sold by Vidal A. Cadena & Annick Durango. The buyer, Sabal Development represented by Pascal Nicolai, acquired the land for a sales price of $4,600,000.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $4,600,000
• Address: 4040 Kiaora St
• Market: Miami
• Seller: Vidal A. Cadena & Annick Durango
• Seller's Representative: Mathieu Rochette - Compass
• Buyer: Sabal Development - Pascal Nicolai
• Buyer's Representative: Mathieu Rochette - Compass
• Building Square Footage (BSF): 36,000
• Price per Building Square Foot (PPBSF): $128

The sale of this land asset was facilitated by Mathieu Rochette from Compass, who represented both the seller and the buyer in the transaction. This successful deal demonstrates the growth and activity in the Miami real estate market.