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| Jorge Ruiz |
VIRGINIA GARDENS, FL – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, today announced the $1.5
million sale of Miami International
Airport Apartments, an 11-unit, 43,560-square-foot lot located in Virginia
Gardens, FL.
Jorge Ruiz,
senior associate in Marcus & Millichap’s Miami office, had the exclusive
listing. Associate Alejandro Gonzalez,
Vice President Investments Felipe Echarte, and Senior Vice President
Investments Evan Kristol in Marcus
& Millichap’s Fort Lauderdale office secured and represented the
buyer.
Occupying 5979 NW 37
Street in Virginia Gardens, FL, the asset is strategically positioned next to
one of Miami’s largest employers, Miami International Airport.
“The purchaser will
benefit from Virginia Gardens’ low vacancy market, located just east of Doral’s
exploding submarket in Miami Dade,” says Ruiz. The property contains a mix of
efficiency units, one-bedroom units and a two-bedroom unit, with allowance of
up to 30 units.
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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