MIAMI—A 38-acre land parcel at 345 East Palm Drive in Florida City, FL, has traded hands. The sale price: $6.7 million.
Avison Young Miami Capital Markets team of senior vice president and principal Jay A. Ziv, and principal and managing director Michael T. Fay, represented the seller, NCG Florida City. John Brunetti acquired the asset.
"This sale represents the spread of land transactions beyond Miami's core markets to areas, such as Florida City and Homestead, as part of the steady uptick in development activity," Ziv tells GlobeSt.com. "The location and high traffic counts of Florida residents and tourists traveling daily on the major thoroughfares surrounding this property made it the perfect site for the purchaser."
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