Sunday, January 24, 2016

Marcus & Millichap Arranges $2.23 Million Sale of Neighborhood Choice Financial in Miami, FL

Jonathan De La Rosa
MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Neighborhood Choice Financial, a 3,085-square foot net-leased retail property located in Miami. The asset sold for $2,225,000 representing $721 per square foot.

Scott C. Sandelin, a vice president investments, and Jonathan De La Rosa, an associate, both in Marcus & Millichap’s Miami office, represented the seller, a limited liability company from Atlanta, G.A., and the buyer,  a limited liability company from Miami Lakes, Fla.

The building’s lease is corporately guaranteed by Neighborhood Choice Financial Services which operates over 42 units. A portion of the building is sublet to Cricket Wireless, a wholly owned subsidiary of AT&T.

The property benefits from its incredible visibility on the hard corner of NW 79th Street and 27th Avenue and its vicinity to a new Super Wal-Mart. Other neighboring properties include: Walgreens, McDonalds, Pollo Tropical, Wells Fargo, Citibank and more.

Neighborhood Choice Financial is located at 7901 NW 27th Avenue in Miami.

For a complete copy of the company’s news release, please contact:

Kirk A. Felici
First Vice President/District Manager
Miami, FL

(786) 522-7000

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