The Sabet Group Acquires Development Site In Miami, FL For $14.3M

The development site located at 1600 NE 2nd Ave in Miami, FL has been sold. The transaction took place on September 21, 2022, for a sale price of $14,300,000. The property spans 24,500 square feet and was sold for a price per square foot of $584. The buyer of the property is The Sabet Group. The deal was facilitated by Ruben Ruban from SVN Commercial Partners.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,300,000
• Address: 1600 NE 2nd Ave, Miami, FL
• Square Footage: 24,500
• Price per Square Foot: $584
• Buyer: The Sabet Group
• Broker: Ruben Ruban - SVN Commercial Partners

This sale represents a significant opportunity for The Sabet Group, as they acquire a development site in a prime location in Miami. The transaction was managed by Ruben Ruban, a representative from SVN Commercial Partners, who played a crucial role in facilitating the deal between the buyer and the seller.