Tuesday, July 14, 2015

50 Biscayne Boulevard in Miami, FL Hits Market for $8.3 Million

  
50 Biscayne Boulevard, Downtown Miami, FL
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.

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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