Marcus & Millichap Brokers $5.9M Sale Of Two-Parcel Property In Miami’s Little Havana
Jonathan De La Rosa and Eddie Toledo, investment specialists in Marcus & Millichap’s Miami office, represented the sellers in the transaction.
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Jonathan De La Rosa and Eddie Toledo, investment specialists in Marcus & Millichap’s Miami office, represented the sellers in the transaction.
Cushman & Wakefield’s Scott O’Donnell, Deme Mekras, Miguel Alcivar, Greg Miller and Mike Ciadella represented iHeart in the transaction.
The 126,000-square-foot Class A+ waterfront office building is expected to be completed in early 2027.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
The property, situated on 1.58 acres in Miami’s Airport East submarket, sold to a private real estate investor for $11,750,000, equating to $235 per square foot.
Construction on the project, located at 125 SW 8th St., will commence before year end.
The seller, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
The development offers 58 bespoke two- to five-bedroom residences, ranging from 1,900 to more than 6,500 square feet, as well as 25,000 square feet of curated retail anchored by a world-class restaurant.
The project will feature 140,000 square feet of premier office, retail, and hospitality space.
Expected to open in fall 2026, the 13,083-square-foot, three-story property lease marks Ketchy Shuby’s first Florida location, joining two existing locations in Lower Manhattan and Southampton, New York.
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