Marcus & Millichap , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Mattress Firm on 15,625 square feet lot, built in 1996. The property sold for $3,355,267 at a 4.52% cap.
“Miami is continuing to emerge as a global hub for major investment opportunities. Bird Road is a main corridor in Miami that attracts both local and international investors who understand the value of great, strategically located real estate, and are willing to pay a premium for it. We were able to bring an international buyer out of Mexico to the table before we even listed the property, and closed within 45 days.” said Brandon Holmes, Associate of Marcus & Millichap.
Jonathan De La Rosa and Brandon Holmes, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Marilyn Wallach. The buyer, a private investor, was also procured by De La Rosa and Holmes.
Mattress Firm is located at 7815 Bird Road surrounding major retailers such as Target, CVS, Best Buy and American Signature Furniture. The property is conveniently located from palmetto expressway in a major retail corridor,
About Marcus & Millichap, Inc. (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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
