Cushman & Wakefield’s Virgilio Fernandez Represents Buyer In $22M Off-Market Acquisition
At approximately $90,000 per unit, the site’s per-unit pricing is the highest ever paid for a South Miami development site.
At approximately $90,000 per unit, the site’s per-unit pricing is the highest ever paid for a South Miami development site.
Kripalani and Fernandez join C&W from Colliers.
Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer was self-represented in the purchase of the site.
The property includes 45,770 square feet of office space, 11,255 square feet of ground-floor retail, and a 40,000 square-foot parking garage, all contributing to a steady income.
The site spans 2.03 acres and encompasses two parcels. The East Parcel falls under Hialeah’s TOD zoning overlay, permitting up to 125 units per acre and building heights ranging from 3 to 15 stories. The West Parcels are zoned for mixed-use projects, allowing up to 60 units per acre.
Colliers’ Vice Presidents Virgilio Fernandez and Pablo Camposano represented the seller in the transaction.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
Colliers Vice President Virgilio Fernandez represented the seller and the buyer in the transaction.
Colliers South Florida Vice President Virgilio Fernandez represented the buyer and seller in the sales transaction.
The site’s zoning allows for 44 units, three stories in height, with a total buildable area of 126,341 square feet by right.
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