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Announcement

Off market closing clearing a block for development.

By
Cashflow In Miami
on
July 18, 2020

Investors Jefferson Brackin and Michael Bird paid $5.9 million for a commercial assemblage in North Beach, with plans to redevelop the property.

The properties include two vacant buildings: one of nearly 8,000 square feet, built in 1967; and the other of about 1,400 square feet, built in 1935; as well as parking lots, records show. In all, the land totals 20,415 square feet. The sale price equated to $289 per square foot for the land.

The seller had paid $2.6 million for the properties in 2014, according to records.

The partners are considering an adaptive reuse project of the currently vacant site, while evaluating redevelopment opportunities . Location is superb.

...

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