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LIVWRK Acquires 2.5 Acre Development Site In Miami For $25M

2400 & 2500 North Miami Avenue
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This Development Site property located in FL was sold for $25,000,000 almost 4 years ago. The brokers of the deal were Robert Given, Adam Spies, and Adam Doneger

An investment and development opportunity recently closed in Miami with the sale of a development site located at 2400 & 2500 North Miami Avenue. The property, spanning approximately 2.5 acres, was sold for a price of $25,000,000. This translates to a purchase price per acre of $10,000,000. The site has the potential to accommodate a total building area of 650,000 square feet, resulting in a price per square footage of $38.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $25,000,000
  • Address: 2400 & 2500 North Miami Avenue
  • Market: Miami

The buyer of this development site is LIVWRK, while East End Capital acted as the seller. The transaction was facilitated by Robert Given, Adam Spies, and Adam Doneger who represented the respective parties involved.

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Deals
  • Location
    2400 North Miami Avenue, Miami, FL, USA2400 North Miami Avenue, Miami, FL, USA
  • Sale Price
    $25,000,000$25,000,000
    $38 PPSF$38 PPSF
  • Area
    650,000 SF650,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Robert Given

Robert Given

Deals20
Financed$1.7B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agencies

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Adam Doneger, Robert Given & Adam Spies DATE: 05/26/2021 ADDRESS: 2400 & 2500 North Miami Avenue MARKET: Miami ASSET TYPE: Development Site BUYER: LIVWRK SELLER: East End Capital BROKERS: Robert Given, Adam Spies & Adam Doneger SALE PRICE: $25,000,000 BSF: 650,000 ~ PPBSF: $38 ACRES: 2.5 ~ PPA: $10,000,000

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2400 & 2500 North Miami Avenue

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