Wednesday, January 30, 2013

Aventura Business Park in Miami-Dade County, FL Sells for $17.3 Million


  
Aventura Business Park
Miami-Dade County, FL
 MIAMI, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Aventura Business Park, a 203,567-square foot industrial warehouse park. The asset commanded a selling price of $17.3 million, or approximately $85 per square foot.

            Douglas K. Mandel, a vice president investments in Marcus & Millichap’s Fort Lauderdale office, represented both the seller, and the buyer, Bristol Group Inc.


Douglas K. Mandel
“A best-of-class asset in a land-constrained market with high barriers to entry, the property offers exceptional upside potential, particularly considering its low cost of ownership,” says Mandel. 

Completed in 1989, the property consists of three buildings situated in a secure office park setting located just off Interstate 95 and Ives Dairy Road.

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

Public Relations
(925) 953-1716

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