Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Lombardi Properties and Bayshore Investment Partners.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
The store property has the distinct advantage of having virtually no competition within this portion of the Miami Beach.
The asset sold for $3,000,000.
Kirk Olson and Drew A. Kristol represented the seller, an institutional investor with several offices throughout the country and procured the buyer, Benderson Development.
The property and buildings will be utilized as an expansion for the Mesivta School of Coral Springs.
“I am looking forward to a rewarding new year in commercial real estate,” said 2021 NAIOP South Florida Chapter President Ryan Nee. “As president, I will work to facilitate new alliances among members that will support personal, professional and economic development throughout the tri-county. While the pandemic limited face-to-face engagement in 2020, we are eagerly committed to offering new ways for our members to engage and thrive in 2021.”
The asset sold for $17,500,000.
Marcus & Millichap’s Kirk D. Olson and Drew A. Kristol represented the seller, a Miami-based private investor. The buyer, also a Miami-based private investor, was procured by Gordon Messinger, with Cushman & Wakefield. CLICK ON THE HEADLINE FOR MORE
Douglas Mandel and Benjamin Silver represented the seller in the $5.3 million sale. CLICK ON THE HEADLINE FOR MORE
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