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 NNN Chase Bank, a 4,280-square foot net-leased property located in Miami, FL, according to Ryan Nee, regional manager of the firm’s Miami office. The asset sold for $4 million or $919.11 price per square feet.
Drew A. Kristol and Kirk D. Olson, both Senior Vice Presidents of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Konover South.
“This particular Chase branch has very high annual deposits and sits in a high traffic dense retail corridor of the Kendall submarket of Miami,” said Drew Kristol.
Chase Bank is located at 12610 SW 120th St in Miami, Florida, within the South Kendall Square shopping center. The property, constructed in 2004, encompasses 4,280-square-feet and is ideally located in the heart of the ever-growing Miami-Dade submarket.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
