Marcus & Millichap Brokers Sale Of Miami Retail Portfolio
Jonathan 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.
Jonathan 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.
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
Kristol and Kirk D. Olson, both senior vice presidents in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a Florida based private investor who originally purchased the center from the developer.
Built in 1983, Doral Industrial sits on just over 4.5 acres.
Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.
Marcus & Millichap’s First Vice President Investments Ryan Shaw, along with Quinn Sousa, had the exclusive listing to bring the generational assets to market for the first time.
The property is comprised of 30 duplex buildings on six adjoining parcels totaling 9.61-acres of land.
The 5,636-square-foot convenience store and gas station is situated on a 2.88-acre parcel.
Marcus & Millichap will be joining OpenStore and Veru as the first three tenants in The Gateway at Wynwood.
This is the first time the property has sold since it was established over two decades ago.
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