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| Best Plaza, Cutler Bay, FL |
MIAMI, FL, Feb.27, 2013 – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Best Plaza, a 21,881-square-foot shopping
strip located in Cutler Bay, FL. The asset commanded a sales price of
$4,000,000.
Kirk D. Olson and Drew A. Kristol, Vice
President Investments in Marcus & Millichap’s Miami office, had the
exclusive listing to market the property on behalf of the seller, a private
investor from Miami, FL.
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| Kirk D. Olson |
The buyer, a
limited liability company from Brooklyn, NY was secured and represented by the
listing agents as well as Senior Vice President Investments Evan P. Kristol and
Still Hunter, III in Marcus & Millichap’s Ft. Lauderdale office.
Best Plaza consists of an 18,527-square foot shopping strip
with seven out of its eight bays leased and a 3,354-square foot free-standing
building which is also leased. Some of
its major tenants include: Sherwin Williams, Subway and FastSigns.
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| Drew A. Kristol |
Best Plaza is located at 19700 South Dixie Highway in Cutler
Bay, just a few short blocks north of the Southland Mall and at the entrance to
the Florida Turnpike.
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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