MIAMI, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for Aventura Business Park (top left photo), a small-bay industrial park located in Aventura. The listing price of $13,250,000 equates to $97 per square foot.
Douglas K. Mandel (middle right photo), vice president investments in Marcus & Millichap’s Fort Lauderdale office, is representing the seller, a limited liability company based in Hollywood, Fla.
“Aventura Business Park is considered ‘best of class’ in terms of its property type and location. Its location in a land-constrained market with high barriers of entry and its outstanding leasing velocity make for an attractive investment opportunity with tremendous upside,” says Mandel.
“The park is situated off Interstate 95 and Ives Dairy Road, in a high-density region of South Florida that offers convenient access to all nearby airports and seaports.”
The property is 95 percent occupied and consists of two buildings that total 136,584 rentable square feet. Aventura Business Park is located at 20725-20815 NE 16th Ave. in Aventura.
Contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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