Retail Plaza Trades For $4 Million

Marcus & Millichap has announced the sale of Best Plaza, a 21,881-square-foot shopping strip located in Cutler Bay, FL. The asset commanded a sales price of $4,000,000.
Kirk D. Olson and Drew A. Kristol, Vice President Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Miami, FL.  The buyer, a limited liability company from Brooklyn, NY was secured and represented by the listing agents as well as Senior Vice President Investments Evan P. Kristol and Still Hunter, III in Marcus & Millichap’s Ft. Lauderdale office.
Best Plaza consists of an 18,527-square foot shopping strip with seven out of its eight bays leased and a 3,354-square foot free-standing building which is also leased.  Some of its major tenants include: Sherwin Williams, Subway and FastSigns.
Best Plaza is located at 19700 South Dixie Highway in Cutler Bay, just a few short blocks north of the Southland Mall and at the entrance to the Florida Turnpike.

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