Marcus & Millichap Arranges Sale Of Miami Industrial Portfolio

Marcus & Millichap announced the sale of an industrial small-bay portfolio totaling 25,616 square feet in Miami.

The asset sold for $6,050,000.

“Demand for small-bay industrial remains very strong, with multiple offers sourced only days after listing the property,” said Michael Alaoui, senior director investments in Marcus & Millichap’s Miami office.

Alaoui represented the seller and procured the buyer in an all-cash transaction.

Built in 1978, the properties are at 3700-3740 NW South River Drive. They total 25,616 square feet across two industrial buildings on a 1.29-acre lot with 19 units averaging 1,350 square feet. The fully occupied portfolio features 20-foot clear heights, fenced parking and a twin-T roof installed in 2019. The site is across from the Miami River in the Airport Center warehouse district.