Abbhi Capital Acquires Development Site In Miami For $20M In Transaction Led By Cushman & Wakefield

A development site located at 851 NE 1st Ave in Miami has recently been sold for a price of $20,000,000. The property spans an acre in size and was purchased by Abbhi Capital, represented by Sankesh Abbhi. The seller of the site was MWC Block A LLC. The transaction was facilitated by brokers Robert Given, Troy Ballard, and James Quinn from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 851 NE 1st Ave, Miami
• Buyer: Abbhi Capital - Sankesh Abbhi
• Seller: MWC Block A LLC
• Brokers: Robert Given, Troy Ballard, and James Quinn - Cushman & Wakefield
• Market: Miami
• Acre: 1

The deal involved the acquisition of this development site by Abbhi Capital, with Sankesh Abbhi leading the transaction. The brokers from Cushman & Wakefield, including Robert Given, Troy Ballard, and James Quinn, played a crucial role in facilitating the sale. This transaction highlights the ongoing activity in the Miami market for development sites.