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| 50 Biscayne Boulevard, Downtown Miami, FL |
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| Ryan T. Shaw |
MIAMI, FL – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced that it has obtained the exclusive
listing for 50 Biscayne, a 9,300-square foot retail/office condo, located in
Miami’s Central Business District.
The asset is listed for $8,300,000.
The asset is listed for $8,300,000.
Ryan T. Shaw,
an associate vice president investments, and Brooks Minford, an associate, both in Marcus & Millichap’s
Miami office are representing the seller, a private investor from Sunny Isles,
Fla.
“50 Biscayne offers an
excellent opportunity for an investor to own the retail space that fronts
Biscayne Boulevard and Flagler Street. The space is currently built out as a
restaurant with a bar and patio space,” says Shaw.
“A buyer has the option to
bring in a new restaurant tenant or divide the space. Similar NNN spaces in the area are renting
above $50 per square foot and the other retail space in the building is fully
occupied.”
The two-story, ground
floor, retail/office condo is 9,300 square feet. Significant properties adjacent to, across
from, or near the property include: Marshall's, Walgreens, Bank of America, and
BB&T.
For a complete copy of the company’s news release,
please contact:
Kirk A. Felici
First Vice
President/District Manager
Miami, FL
(786) 522-7000
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