Press Releases
Marcus & Millichap Announces $6.79 Million Sale of Plaza 170
November 29, 2023
NORTH MIAMI BEACH, Fla., Nov. 29, 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 Plaza 170 in North Miami Beach, Florida. The property sold for $6,785,000.
“Marcus & Millichap’s unique marketing platform was able to attract a number of local and out of area investors to Plaza 170,” said Felipe Echarte, senior vice president of investments. “While highlighting the property’s unique location, excellent unit mix and very large units.”
Echarte, Evan Kristol, and Nicholas McAndrew investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Situated at 955-995 NE 170 St., this condo portfolio comprises two U-shaped buildings with amenities like courtyards, swimming pools, and a sundeck. Positioned between NE 170th St. and 171st St. on the corner of NE 10th Ave., the unit mix includes studios, one-bedroom, and two-bedroom, totaling 38 units. Nearby national retailers include Walmart, Home Depot, Chick-Fil-A, and Publix.
“Marcus & Millichap’s unique marketing platform was able to attract a number of local and out of area investors to Plaza 170,” said Felipe Echarte, senior vice president of investments. “While highlighting the property’s unique location, excellent unit mix and very large units.”
Echarte, Evan Kristol, and Nicholas McAndrew investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Situated at 955-995 NE 170 St., this condo portfolio comprises two U-shaped buildings with amenities like courtyards, swimming pools, and a sundeck. Positioned between NE 170th St. and 171st St. on the corner of NE 10th Ave., the unit mix includes studios, one-bedroom, and two-bedroom, totaling 38 units. Nearby national retailers include Walmart, Home Depot, Chick-Fil-A, and Publix.
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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
