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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