Miami Land Traded for $2.2 Million by Vinay Rama's Mandala Holdings
Vinay Rama's Mandala Holdings acquires 0.13-acre land in Miami for $2.2 million.
Miami’s real estate market continues to attract investors, and the latest deal involves Vinay Rama’s Mandala Holdings acquiring a 0.13-acre land in the city for 2.2 million. The property, located at 1794 Northeast 4th Avenue, has a building square footage of 5,775 with a price per building square footage of 381. The deal was brokered by Ryan Shaw and Ahmed Kabani of Marcus & Millichap, who have been active in the Miami real estate market for years.
The property’s location is in the heart of Miami’s urban core, which is experiencing a surge in development activity. The area is home to several high-end residential and commercial projects, including luxury condos, hotels, and office buildings. The property’s proximity to major transportation hubs, including the Miami International Airport and PortMiami, makes it an attractive investment opportunity for developers.
Vinay Rama, the buyer, is the founder and CEO of the Mandala Holdings, a real estate investment firm based in Miami. The company has a diverse portfolio of properties, including residential, commercial, and hospitality assets. Rama has been active in the Miami real estate market for over a decade and has a reputation for identifying undervalued assets and turning them into profitable investments.
The seller of the property has not been disclosed, but the deal is a testament to the strength of the Miami real estate market. Despite the challenges posed by the COVID-19 pandemic, Miami’s real estate market has remained resilient, with investors continuing to pour money into the city’s properties.
In conclusion, Vinay Rama’s Mandala Holdings’ acquisition of the 0.13-acre land in Miami for $2.2 million is a significant deal in the city’s real estate market. The property’s location, size, and price per building square footage make it an attractive investment opportunity for developers looking to capitalize on Miami’s urban core’s growth. The deal was brokered by Ryan Shaw and Ahmed Kabani of Marcus & Millichap, who have been instrumental in facilitating several high-profile transactions in the Miami real estate market.