 |
| Gabriel Britti |
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 a 2,964-square foot
net-leased TD Bank property in Miami, Florida.
TD Bank signed a 20 Year
Absolute NNN Ground Lease on the site and plans to start construction as soon
as possible.
Ronnie Issenberg and
Gabriel Britti, both vice presidents investments in Marcus & Millichap’s
Miami office, represented the seller and procured the buyer.
“The demand for brick and
mortar bank branches in high income, primary markets, like Miami are very
favorable and in high demand” says Britti. “We anticipate very high deposits at
this branch due to the high traffic location and high income demographics of
the surrounding community” adds Issenberg.
The property is located at
14395 S. Dixie Highway in Miami, Florida. TD Bank is one the 10 largest banks
in the United States. The asset is
situated next to the Falls Mall, which sees daily traffic counts that exceed
92,000 vehicles per day.
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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