MIAMI, FLA, June 4, 2015 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 223 E Flagler Street, a 42,000-square foot, six-story office building located in Miami, Fla, according to Kirk Felici, Regional Manager of the Miami office. The asset commanded a sales price of $2,600,000.
Associate Vice President Investments Alex Zylberglait and Associate Ryan Shaw in Marcus & Millichap’s Miami office represented the seller of the property, a limited liability company based in Miami. The listing agents also secured the buyer, a limited liability company based in North Miami Beach.
“The investor will benefit from the property’s downtown Miami central business district (CBD) location. The building, which has ground floor retail, is currently 80 percent occupied,” says Zylberglait. The property is located at 219 E Flagler in Miami.