 |
| Mika Mattingly |
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 Metro Beauty, 11,300-square feet of land located in downtown Miami. The
asset sold for $6,825,000.
Ryan T. Shaw,
a vice president investments in Marcus & Millichap’s Miami office, had the
exclusive listing to market the property on behalf of the seller, 3 Palms
Enterprises LLC.
The buyer, Jersey Art
Holdings, was represented by Mika
Mattingly of Sterling Equity Commercial.
“This was an excellent
opportunity for the seller to capitalize on a strong real estate market, while
continuing to operate established businesses in downtown,” says Shaw.
Metro Beauty is located at
4 SE 1st Street in Miami. The property sits approximately 150 feet from the
Miami Avenue Metromover station, blocks from to the new Whole Foods at Met 3
and the Brickell City Centre development.
For a complete copy of the company’s news
release, please contact:
Kirk A. Felici
First Vice President and District
Manager,
Miami, FL
(786) 522-7000
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