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 West Hialeah 16th Avenue Commercial Center, a 12,056-square-foot retail property located in Hialeah. The asset sold for $2,750,000.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Miami-based private investor. The buyer, an affiliate of IMC Equity Group out of North Miami was also secured and represented by Kristol and Olson.
The property is located at 3825 W 16th Ave in Hialeah. The retail center is anchored by Cano Health, which occupies the entire second floor and two ground floor bays. Cano Health is a publicly traded healthcare provider headquartered in Miami offering primary care services, as well as specialty programs including: venous medicine, arthritis, allergy, and weight loss.
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.
