MARCUS & MILLICHAP FACILITATES SALE OF 20 PARCELS OF LAND IN DOWNTOWN MIAMI, FLA FOR $4 MILLION
MIAMI, FL, June 3, 2015 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 20 parcels of land located in the Park West District of Downtown Miami, according to Kirk Felici, Vice President/Regional Manager of the Miami office. The properties commanded a sales price of $4,000,000.
Vice President Investments Alex Zylberglait and Associate Ryan Shaw of the Miami office represented the seller of the property, a limited liability company from New York, NY. The listing agents also secured the buyer, a developer from New York, NY.
“The primary property sits adjacent to Northeast 2nd Avenue and is one block west of Biscayne Boulevard. Area amenities include: the American Airlines Arena (home of the Miami Heat), The Adrienne Arsht Performing Arts Center, several night clubs and surrounding residential condos. This area is in the path of future development as well as a future transportation corridor,” says Zylbergalit.
The 20 contiguous parcels total 1.43 acres. They are located at 127 Northeast 11th Street in Miami, Fla.