Marcus & Millichap Negotiates Sale Of Opa-Locka Small Bay Industrial Building

Marcus & Millichap announced the sale of 151st Street Small Bay, a 24,000-square foot industrial property located in Opa-locka, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $3,000,000.

“The Property has historically operated at or near capacity with current occupancy at 100 percent consisting of 10 total tenants within ideally configured spaces,” said Benjamin Silver, senior vice president investments in Marcus & Millichap’s Ft. Lauderdale office. “The asset is approved for auto, which is difficult to obtain and creates exception leverage for the landlord knowing the tenants have few options in the market.”

Silver and Sebastian Misiewicz represented the seller, a local private investment company.