Press Releases
Marcus & Millichap Facilitates $8.6 Million Sale of Small-Bay Industrial Property in Miami
April 25, 2025
MIAMI, April 25, 2025 – 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 the Tamiair Building, a 34,540-square-foot small-bay industrial property located at 14080–14118 SW 139th Ct. in Miami. The asset sold for $8,600,000.
“This asset provides a unique opportunity to mark rents to market in a very tight industrial pocket next to Miami Executive Airport,” said Alex Zylberglait, executive managing director, investments. “A limited supply of small-bay industrial assets in Miami-Dade created competition for this desirable asset.”
Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located on a 1.88-acre parcel, the Tamiair Building features 20 individual bays with grade-level loading doors, hurricane-impact windows, ample surface parking and recent exterior improvements. The property is zoned IU-C and benefits from proximity to major transportation corridors and industrial hubs, including Miami Executive Airport. The asset is fully occupied by a mix of tenants spanning automotive, light manufacturing and service industries.
“This asset provides a unique opportunity to mark rents to market in a very tight industrial pocket next to Miami Executive Airport,” said Alex Zylberglait, executive managing director, investments. “A limited supply of small-bay industrial assets in Miami-Dade created competition for this desirable asset.”
Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located on a 1.88-acre parcel, the Tamiair Building features 20 individual bays with grade-level loading doors, hurricane-impact windows, ample surface parking and recent exterior improvements. The property is zoned IU-C and benefits from proximity to major transportation corridors and industrial hubs, including Miami Executive Airport. The asset is fully occupied by a mix of tenants spanning automotive, light manufacturing and service industries.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
