Marcus & Millichap (NYSE: MMI), announced today the sale of Coral Gables Second Generation Restaurant, a 4,418-square foot retail property located in Coral Gables, Florida. The retail property sold for $3,700,000.
“Situated in the entrance way of Coral Gables, this iconic corner has been a staple in introducing a variety of restaurants throughout the past several years. Now for the ultimate change, through our marketing efforts, we were able to procure a medical user who has acquired the property to open a surgical center improving the Gateway to Coral Gables”, said Jonathan De La Rosa, first vice president investments. De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Coral Gables Second Generation Restaurant is located at 3894 South West 8th Street. The property is located 1 mile from downtown Coral Gables and near major retailers including Target and Publix.
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
