BRICKELL DEVELOPMENT OPPORTUNITY HITS MARKET FOR $35 MILLION
MIAMI, Fla., June 4, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced it has obtained the exclusive listing for an approximate half-acre of land improved with a 45,000-square foot office building located in the Brickell submarket of Miami, Fla. The asset is listed for $35,000,000.
Alex D. Zylberglait, a first vice president investments in Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of the seller, a private investor from Miami.
“The opportunity to acquire 90 SW 8th Street will allow an investor to take control of an approximate half-acre of land in the epicenter of the city’s booming financial district. With the large-scale CityCentre project to be completed in 2015, thousands of jobs will be brought to the area, creating an urban environment that will further energize the area as a destination where people live, work and play,” says Zylberglait.
Brickell CityCentre, a $1.05-billion urban shopping and mixed-use development project, is located across from the property. It will include a department store, luxury shops, restaurants, a hotel, office towers and condominiums, as well as an 80-story tower. The site is also located less than a block away from Mary Brickell Village which offers an eclectic mix of upscale dining, shopping and entertainment options.
90 SW 8th Street is developed with a three-story, 45,000 square foot commercial office building built in 1971.
Interested investors can contact Alex Zylberglait at 786-522-7056.