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.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
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.
“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.”
Scott C. Sandelin, Senior Vice President of Investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller. CLICK ON THE HEADLINE FOR MORE