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| 2929 SW Third Avenue, Miami, FL |
MIAMI, FL, Feb. 19, 2015 – 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 2929 SW
3rd Avenue, an 18,820-square foot office property located in Miami.
The asset sold for $2,800,000.
Alex D. Zylberglait, a first vice president
investments in Marcus & Millichap’s Miami office, represented the seller, a
limited liability company from Miami, and the buyer, a limited liability
company from North Miami.
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| Alex Zylberglait |
“This was an opportunity for an investor to acquire a
well-maintained, 21-unit building in the heart of the Coral Way submarket.
"The
Coral Way corridor of Miami benefits from its proximity to the cultural center
of downtown Miami, the Brickell Avenue financial district and the Coral Gables
Central Business District,” says Zylberglait.
The six-story, multi-tenant office building was built in
1973 and is constructed of concrete block.
There are 38 assigned parking
spaces, including covered parking on the first floor. Minutes from Interstate 95 and the Miami International Airport,
the property is located at 2929 SW 3rd Avenue in Miami.
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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