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 Walgreens, a 13,650-square-foot net-leased property located in west Miami. The asset traded for $6,705,263.
“The acquisition of this Walgreens met all the requirements for our client,” said Eddie Toledo, senior associate, “With a brand new 15-Year NNN Lease & impressive store sales, our client recognized the excellent opportunity to acquire a well-positioned asset on Kendall Drive which benefits from its proximity to Baptist Health West Hospital.”
The buyer, a local private investor, was secured by Jonathan De La Rosa, first vice president, and Eduardo Toledo in Marcus & Millichap’s Miami office.
The subject property is located at 16690 S.W. 88th St near a highly trafficked local thoroughfare. Built in 2004 on 1.41 acres, the property is an outparcel to Kendall Pointe, a shopping center with several national retailers including Aldi and PetSmart.
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.
