Marcus & Millichap Arranges the Sale of 4.45-Acres of Land in Miami for $17 Million

MIAMI, Fla., March 15, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 3275-3295 Northwest 41st Street, 4.45-acres of land and a 12,000 square-foot warehouse/office located in Miami, Florida for $17,037,423.

“This sale is a further testament to the appetite for well-located industrial sites,” said Landy Toledo, first vice president investments. Toledo sourced the Seller of this off market site.  The buyer, a private investor was also secured and represented by Landy Toledo,  

The asset is located at 3275 Northwest 41st Street. The site is near Miami International Airport, the port of Miami and lies within the Brownsville submarket. 

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.