 |
| 1879 Retail Plaza, Miami, FL |
 |
| Jonathan Gerszberg |
MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, today announced the sale of 1879 Retail Plaza,
a 10,275-square foot retail center located in Miami. The asset sold for
$1,700,000.
Jonathan Gerszberg, an associate vice president
investments, and Andy Charry, an associate, in Marcus & Millichap’s
Miami office, had the exclusive listing to market the property on behalf of the
seller, a private investor from Miami.
The buyer, a private investor from Venezuela, was secured
and represented by Rafael Fermoselle, an associate also in Marcus &
Millichap’s Miami office.
“The seller was very clear about what he wanted from this
sale, in terms of price, and we found an excellent purchaser who appreciated
the opportunity. This was a
win-win-win,” says Charry.
Fermoselle
added that, “The buyer was drawn to the stability of the income in this low
vacancy market, and enjoyed the additional income from the event parking from
Marlins Stadium overflow.”
 |
| Miami Marlins Baseball Stadium |
Located at 1879 NW 7th Street, the multi-tenant mixed-use
property is comprised of 10,275 rentable square feet of retail and office space
on a 14,906-square foot lot.
The ground floor retail space is occupied by Metro
PCS and three other retail tenants. The second floor is office space occupied
by seven separate tenants.
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
No comments:
Post a Comment