Tuesday, October 25, 2016

Marcus & Millichap Brplers $1.5 Million Sale of Miami International Airpot Apartments in Virginia Gardens, FL

Jorge Ruiz
VIRGINIA GARDENS, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the $1.5 million sale of Miami International Airport Apartments, an 11-unit, 43,560-square-foot lot located in Virginia Gardens, FL.

Jorge Ruiz, senior associate in Marcus & Millichap’s Miami office, had the exclusive listing. Associate Alejandro Gonzalez, Vice President Investments Felipe Echarte, and Senior Vice President Investments Evan Kristol in Marcus & Millichap’s Fort Lauderdale office secured and represented the buyer. 

Occupying 5979 NW 37 Street in Virginia Gardens, FL, the asset is strategically positioned next to one of Miami’s largest employers, Miami International Airport.

“The purchaser will benefit from Virginia Gardens’ low vacancy market, located just east of Doral’s exploding submarket in Miami Dade,” says Ruiz. The property contains a mix of efficiency units, one-bedroom units and a two-bedroom unit, with allowance of up to 30 units.

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

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

(786) 522-7000

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