Tuesday, April 9, 2013

Marcus & Millichap Sells 93,991-SF Retail Center in Miami Gardens, FL for $8.2 Million



Dolphin Plaza, 17201-17237 NW 27th Ave., Miami Gardens, FL

MIAMI GARDENS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Dolphin Plaza, a 93,991-square foot shopping community located in Miami Gardens, FL. The asset commanded a sales price of $8,200,000 representing $87 per square foot.

Jason N. Yukins
Jason N. Yukins, a Senior Associate in Marcus & Millichap’s Ft. Lauderdale office, represented the buyer, business partners from Canada.

“This was a great opportunity for the buyer to acquire a stabilized Miami-Dade County retail center anchored by a well-performing and recently-renovated Winn-Dixie,” says Yukins.

Dolphin Plaza was 90 percent occupied at closing.  In addition to Winn-Dixie, the center’s other tenants include: Foot Locker, BP Gas Station, Rent-A-Center, Rainbow Fashions and Ashley Stewart.  The property is located at 17201-17237 NW 27th Avenue in Miami Gardens, FL.

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

Gregory Matus
Regional Manager / Vice President,
Fort Lauderdale, FL
(954) 245-3400

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