Miami Walgreens on the Market for $10.36 Million

Walgreens, 12711 SW 200th Street, Miami, FL

Scott Sandelin

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced that it is exclusively marketing for sale a 14,820-square-foot Walgreens drugstore in Miami.

The $10,363,000 listing price equates to $700 per square foot. Scott Sandelin, senior associate, and Marcos Puente, associate, both in Marcus & Millichap’s Miami office are representing the seller.

            “Walgreens signed a 25-year triple-net lease on the property in 2009,” says Sandelin.

             The property is located directly in front of a Publix-anchored shopping center at the signalized intersection of SW 127th Avenue and SW 200th Street at 12711 SW 200th St. in Miami.

Marcos Puente

It was constructed in 2009 on 1.6 acres and features ample parking and a drive-thru pharmacy. Payless and Bank of America are nearby tenants.

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

Gina Relva

Public Relations Manager

(925) 953-1716