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CASE STUDY

BAYFRONT GARAGE

Address: 255 NE 1st Street, Miami, FL
Submarket:
Downtown Miami

Property Type: Garage/ Development Site
Sold Price: $25,000,000
Represented: Buyer & Seller

Process: We created amazing marketing materials that highlighted that development was the end game.

Challenges: This site is a covered land play, but most buyers were evaluating it as a parking garage. The real value was in the future development potential.

Outcome: We brought in a strong buyer who went hard day 1 with their deposit and closed a month later.

Date Sold: 11/1/2021
Building Size: 257,712 SF
Lot Size: 37,500 SF

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