Press Releases
Marcus & Millichap Arranges $6.05 Million Sale of Miami Industrial Portfolio
August 19, 2025
MIAMI, Aug. 19, 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 an industrial small-bay portfolio totaling 25,616 square feet in Miami, Florida. The asset sold for $6,050,000.
“Demand for small-bay industrial remains very strong, with multiple offers sourced only days after listing the property,” said Michael Alaoui, senior director of investments in Marcus & Millichap’s Miami office. Alaoui represented the seller and procured the buyer in an all-cash transaction.
Built in 1978, the properties are at 3700-3740 NW South River Drive. They total 25,616 square feet across two industrial buildings on a 1.29-acre lot with 19 units averaging 1,350 square feet. The fully occupied portfolio features 20-foot clear heights, fenced parking and a twin-T roof installed in 2019. The site is across from the Miami River in the Airport Center warehouse district.
“Demand for small-bay industrial remains very strong, with multiple offers sourced only days after listing the property,” said Michael Alaoui, senior director of investments in Marcus & Millichap’s Miami office. Alaoui represented the seller and procured the buyer in an all-cash transaction.
Built in 1978, the properties are at 3700-3740 NW South River Drive. They total 25,616 square feet across two industrial buildings on a 1.29-acre lot with 19 units averaging 1,350 square feet. The fully occupied portfolio features 20-foot clear heights, fenced parking and a twin-T roof installed in 2019. The site is across from the Miami River in the Airport Center warehouse district.
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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.
