Wednesday, October 23, 2013

Marcus & Millichap Arranges Sale of 3 Lots in Miami, FL for $5.4 Million

  
Three lots sold near Miami Design District, 2751 Biscayne Boulevard
Biscayne Boulevard and NE 28th Street, Miami, FL
Biscayne Bay in foreground

Ryan T. Shaw
MIAMI, FL, Oct. 23, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of three land parcels totaling 27,750 square feet in Miami. The asset sold for $5,400,000.

Ryan T. Shaw, a Senior Associate 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.  Shaw also represented the buyer, a limited liability company from Sunny Isles, FL.

“The property sits on NE 28th Street and Biscayne, a block from Biscayne Bay in the Edgewater area of Miami.

“The property is in the middle of a multi-billion dollar renaissance from several large development projects. Its close proximity to luxury condominiums, national retailers and access to the interstate makes this a perfect location for a mixed-use project, offering residential and retail for other national tenants that are entering the market,” says Shaw.

The property is located on the southeast corner of Biscayne Boulevard and NE 28th Street in close proximity to the Design District and Midtown Miami.

The zoning under Miami 21 is T6-36A-O allows for the development of 333,000 square feet and a total height of 36 floors. The zoning also allows for approximately 96 condominium units. The land parcels are located at 2751 Biscayne Boulevard in Miami, FL. 

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

Kirk A. Felici
First Vice President and Regional Manager
Miami, FL
(786) 522-7000


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