Avatar Real Estate Services Sells Strategically Located Parcel, Close to Jackson Memorial Hospital, for $4.536 Million

Posted by Rochelle Fraga — October 24, 2016

1477331590MIAMI, FL - Avatar Real Estate Services is pleased to announce that Commercial Realtors Saad Hamdan and Jeff J. Cohen have sold the prominent parcel of land located at 1251 NW 8th Avenue in Miami. The property, comprised of 11 contiguous folios totaling 59,391 square feet (1.36 acres) is located in the coveted, high visibility area near Jackson Memorial Hospital.

Sold for $4.536 Million, the property closed on October 14th. Avatar’s Senior Commercial Associates, Saad Hamdan and Jeff J. Cohen represented the seller.

The vacant parcel lot at 1251 NW 8th Avenue is strategically located on the SE corner of NW 13th Street and 8th Avenue, between the booming Miami River area, the University of Miami Medical Center, Jackson Memorial Hospital and the Miami Partnership’s Economic Development Area. The land received heightened attention because of its proximity to the proposed Miami Soccer Stadium, recently purchased by David Beckham.

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Neither Saad nor Jeff are strangers to high profile commercial transactions. Saad made headlines earlier this year for listing and selling the commercial building at 5901 SW 74 Street in South Miami for $9.8 Million. Jeff Cohen received national attention last year, with the successful sale of 4000 Collins Avenue in Miami Beach, a comprehensive and highly complex assemblage of 105 off-market units, for $19,800,000.

For additional information on this transaction, or to speak with Saad Hamdan or Jeff J. Cohen directly, please contact them at 305.951.2211 or 305.505.4638, respectively.

 

About Avatar Real Estate

Avatar Real Estate Services, LLC continues to redefine the luxury Real Estate market in South Florida by providing clients with unparalleled personalized services delivered by the area’s most accomplished, knowledgeable, and respected Real Estate professionals. World-class client care is our focus, and we deliver this personal service through shared values, high ethical standards, and extensive knowledge of our truly unique luxury market. For additional information, visit www.AvatarFlorida.com.

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