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Premium Development Acquires Development Site In Miami For $15M

700 West Flagler Street
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This Development Site property located in FL was sold for $15,000,000 almost 4 years ago. The brokers of the deal were Carlos Fausto Miranda and Alessandro Lima

The development site located at 700 West Flagler Street in Miami has been sold for $15,000,000. The property spans across 2.3 acres, translating to a per-acre price of approximately $6,521,739. The transaction took place on 05/12/2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $15,000,000
  • Address: 700 West Flagler Street
  • Market: Miami

Premium Development, represented by Roger Karre, acquired the property from Presidente Supermarkets, represented by Ana V. & Pedro O. Rodriguez. The transaction was facilitated by brokers Carlos Fausto Miranda and Alessandro Lima of Fausto Commercial.

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Deals
  • Location
    700 West Flagler Street, Miami, FL, USA700 West Flagler Street, Miami, FL, USA
  • Sale Price
    $15,000,000$15,000,000
    $147 PPSF$147 PPSF
  • Area
    101,930 SF101,930 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Carlos Fausto Miranda

Carlos Fausto Miranda

Deals30
Sold$173.1M

Agency

Fausto Commercial Realty Consultants

Fausto Commercial Realty Consultants

Agency
Deals70
Volume$383.9M

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Deal Summary

SALE IMAGE: Alessandro Lima & Carlos Fausto Miranda DATE: 05/12/2021 ADDRESS: 700 West Flagler Street MARKET: Miami ASSET TYPE: Development Site BUYER: Premium Development - Roger Karre SELLER: Presidente Supermarkets - Ana V. & Pedro O. Rodriguez BROKERS: Carlos Fausto Miranda & Alessandro Lima - Fausto Commercial SALE PRICE: $15,000,000 ACRES: 2.3 ~ PPA: $6,521,739

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700 West Flagler Street

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