Press Releases
Marcus & Millichap Arranges Sale to Complete Net-Leased Assemblage in Miami Springs
July 30, 2025
MIAMI SPRINGS, Fla., July 30, 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 a 3,292-square-foot net-leased former Burger King with a drive-thru in Miami Springs, Florida. The transaction completed a three-property assemblage totaling $15,500,000.
“I brought the Office Depot listing to market in early 2023, and we closed on the Pollo Tropical in January of this year,” said Scott Sandelin, senior managing director investments in Marcus & Millichap’s Miami office. “There was significant interest in the Office Depot, with multiple offers. After some time, a local owner emerged as the winning bidder and, after closing, expressed interest in acquiring the other two parcels with a vision for the future. It was a pleasure collaborating with Jorge Ruiz of Premier Properties, who represented the buyer in all three transactions.” Sandelin also brokered the sales of the Office Depot and Pollo Tropical properties in 2012.
This third and final sale completes the assemblage of 2.73 acres in Miami Springs. While current zoning is restrictive, the site has long-term potential anchoring the southeast corner of the city, adjacent to Miami International Airport and near Miami Freedom Park, the future home of Inter Miami CF, a professional soccer club.
The former Burger King, located at 4201 NW 36th St., sits at a signalized intersection with more than 100,000 vehicles per day. The assemblage also includes a 3,693-square-foot Pollo Tropical at 4211 NW 36th St., secured by an absolute net lease with a corporate guarantee from Fiesta Restaurant Group, and a 25,000-square-foot Office Depot at 3600 Le Jeune Road on 1.76 acres.
“I brought the Office Depot listing to market in early 2023, and we closed on the Pollo Tropical in January of this year,” said Scott Sandelin, senior managing director investments in Marcus & Millichap’s Miami office. “There was significant interest in the Office Depot, with multiple offers. After some time, a local owner emerged as the winning bidder and, after closing, expressed interest in acquiring the other two parcels with a vision for the future. It was a pleasure collaborating with Jorge Ruiz of Premier Properties, who represented the buyer in all three transactions.” Sandelin also brokered the sales of the Office Depot and Pollo Tropical properties in 2012.
This third and final sale completes the assemblage of 2.73 acres in Miami Springs. While current zoning is restrictive, the site has long-term potential anchoring the southeast corner of the city, adjacent to Miami International Airport and near Miami Freedom Park, the future home of Inter Miami CF, a professional soccer club.
The former Burger King, located at 4201 NW 36th St., sits at a signalized intersection with more than 100,000 vehicles per day. The assemblage also includes a 3,693-square-foot Pollo Tropical at 4211 NW 36th St., secured by an absolute net lease with a corporate guarantee from Fiesta Restaurant Group, and a 25,000-square-foot Office Depot at 3600 Le Jeune Road on 1.76 acres.
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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.
