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| Sean Shahar Ziv |
MIAMI BEACH, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has arranged the sale of a 22,857-square foot Walgreens drugstore on
Collins Avenue in Miami Beach.
The $30 million sales price equates to $1,312 per square
foot. The overall price is the second highest paid for a drugstore in the
United States this year and the highest price attained by a net-leased asset in
Miami Beach so far this year.
The two-story Miami Beach Walgreens is located at 501
Collins Ave. where it intersects Fifth Avenue in the center of Miami Beach’s
Art Deco District.
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| Kirk Felici |
Sean
Shahar Ziv, an associate in Marcus & Millichap’s San Diego office,
represented the seller, Trans World Entertainment Corp. This is the second
high-profile Walgreens transaction for Ziv this year. In May, he represented
the buyer of a Walgreens drugstore located on the Las Vegas Strip that sold for
$27.8 million.
Bruce Eisenberg is Trans World’s executive vice
president of stores and real estate. Ziv also procured the buyer, an
international investor, who paid all cash.
Kirk Felici, vice president and regional manager of
Marcus & Millichap’s Miami office, is the firm’s broker of record in
Florida.
For a complete copy of the company's news release, please contact:
Public Relations
(925) 953-1716
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