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 Design Center, a 71,540 square-foot industrial property located in Miami, Florida for $13,250,000.
“This is a legacy property that will provide the new investor with extraordinary upside in rents and future redevelopment opportunity. Its key location right off the Palmetto Expressway will serve its tenants well and will attract a multitude of businesses” 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, a private investor. The buyer, a private investor, was also secured and represented by Alex D. Zylberglait and Michael Crocchiola,
The property is located at 4180-4182 Southwest 74th Court. The property is parallel to Tropical Park Stadium and near national retailers and restaurants including Target, BestBuy, McDonald’s 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.