Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Shoppes at Doral, a 16,466-square foot retail property located in Doral, Florida. The shopping strip sold for $15,125,000.
“The Shoppes at Doral is a well-located retail strip in Doral with frontage directly on 41st St. N.W. just east of 107th Avenue N.W.,” said Drew Kristol, senior vice president in the Marcus & Millichap’s Miami office. “We received multiple offers from both national and international Buyers.”
Kristol and Kirk D. Olson, both senior vice presidents in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Florida based private investor who originally purchased the center from the developer.
The shopping center at 10425 NW 41st Street is 16,466-square-feet on 1.25-acres. Built in 1999, the property is 100% leased, with tenants that Sports Clips, Fuegos Del Sur Restaurant, Verizon, Pan Pa Ya Bakery and more. The center is also shadow anchored by Winn Dixie supermarket.
About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
