 |
| Jonathan De La Rosa |
MIAMI, FL – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, announced the sale of Neighborhood Choice Financial, a
3,085-square foot net-leased retail property located in Miami. The asset sold
for $2,225,000 representing $721 per square foot.
Scott C. Sandelin, a vice president investments, and Jonathan De La Rosa, an associate, both in Marcus & Millichap’s
Miami office, represented the seller, a limited liability company from Atlanta,
G.A., and the buyer, a limited liability
company from Miami Lakes, Fla.
The building’s lease is
corporately guaranteed by Neighborhood Choice Financial Services which operates
over 42 units. A portion of the building is sublet to Cricket Wireless, a
wholly owned subsidiary of AT&T.
The property benefits from
its incredible visibility on the hard corner of NW 79th Street and 27th Avenue
and its vicinity to a new Super Wal-Mart. Other neighboring properties include:
Walgreens, McDonalds, Pollo Tropical, Wells Fargo, Citibank and more.
Neighborhood Choice
Financial is located at 7901 NW 27th Avenue in Miami.
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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