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| Shoppes of Tamiami, 14200 SW Eighth Street, Miami, FL |
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| Drew A. Kristol |
MIAMI, FL, September 13, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Shoppes of Tamiami, a 12,909
square-foot shopping strip located in Miami, FL. The asset sold for $6,000,000.
Drew A. Kristol and Kirk D. Olson, Vice
President Investments in Marcus & Millichap’s Miami office, had the
exclusive listing to market the property on behalf of the seller, a limited
liability company from Miami. The buyer
was also a limited liability company based in Miami.
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| Kirk D. Olson |
“We were able to generate a great deal of interest from
investors for the Shoppes of Tamiami due to the fact that newer constructed
retail centers like this one rarely become available for sale in major retail corridors
in Miami-Dade County,” says Olson. “The property features a strong, national
tenant mix and excellent frontage on SW 8th Street with traffic counts over
50,000 cars per day.”
Built in 2007, Shoppes of Tamiami has a diverse rent roll of
90 percent national tenants, including: Starbucks, Smoothie King, Mattress
Firm, Massage Envy and T-Mobile. The property is located at 14200 Southwest
8th Street in Miami, FL.
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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