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 194 Northwest 187th Street, an office property located in Miami Gardens, Florida for $4,500,000.
“This unique asset sits right between Miami-Dade and Broward counties with easy access to the main transportation corridors. It is a great opportunity for an owner user to provide services to its constituents with functional office/flex space and ample parking,” said, Alex D. Zylberglait senior managing director investments. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.
This office building was constructed in 1985 and has been exceptionally maintained throughout the current ownership tenure. Currently there are 47 surface spaces with a parking ratio of 3.43 per 1000 square-feet.
194 Northwest 187th Street is conveniently located within 10 minutes of public transportation, 5 minutes to I-95, and 20 minutes to Fort Lauderdale International Airport.
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.
