Marcus & Millichap Brokers Sale Of Miami Retail Portfolio

Marcus & Millichap announced the sale of a 7-Eleven portfolio in Miami.

The combined properties sold for $14.5 million.

“Miami continues to see a strong demand for quality net leased assets.  We were able to procure a buyer who had the motivation to close by year end to take advantage of the last year of  100% bonus depreciation. This was a great effort by buyer and sellers team to seamlessly navigate a closing within a short period time”, said Jonathan De La Rosa, first vice president investments.

De La Rosa and Eduardo Toledo, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, 30025 Miami FL, LLC a private investor.  The buyer, Ralgo on Miller Road LLC, a private investor, was secured and represented by Toledo and De La Rosa,

The two 7-Eleven properties are located at 54 North West 167th Street and 6720 South West 56th Street. Both locations are located in a sought after area. 54 North West 167^th Street located right off Florida’s Turnpike 826 and less than 2 miles from major retailers including Publix, Walgreens and Aldi. 6720 South West 56^th Street 7-Eleven is located parallel to a Walgreens and approximately 2 miles from South Miami.