Press Releases
Marcus & Millichap Brokers $5.9M Sale of Net-Leased Retail Property in Miami
January 29, 2026
MIAMI, Jan. 29, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5.9 million sale of a single-tenant sale-leaseback asset at 11035 SW 40th St. in Miami, Florida. The site is occupied by Pinch A Penny Pool Patio Spa, a franchise retailer of pool and spa supplies and services.
Jonathan De La Rosa and Nick Hassan, investment specialists in Marcus & Millichap's Miami office, exclusively marketed the property on behalf of the seller, RALU Corporation. The buyer, Bird Road 110 LLC, was procured by Eddie Toledo of Marcus & Millichap in an all-cash transaction
“The sale of 11035 Bird Road was a win for both the buyer and seller,” said Hassan, associate investments. “The property has operated as a Pinch A Penny Pool Supply for over 35 years and will continue operating for years to come. Bird Road remains one of Miami-Dade County’s most sought-after retail corridors, supported by strong demographics and high traffic counts that continue to drive investor interest in long-term, stable cash flow.”
The 9,298-square-foot property sits on a 30,200-square-foot parcel with 39 parking spaces and is positioned along Bird Road, one of Miami’s busiest retail corridors, with traffic counts exceeding 45,000 vehicles per day. The asset is secured by a new 15-year absolute net lease and is located less than two miles from Florida International University and less than one mile from Kendall Hospital.
Pinch A Penny was founded in 1975 in Clearwater, Florida, and has grown to more than 300 locations nationwide.
Jonathan De La Rosa and Nick Hassan, investment specialists in Marcus & Millichap's Miami office, exclusively marketed the property on behalf of the seller, RALU Corporation. The buyer, Bird Road 110 LLC, was procured by Eddie Toledo of Marcus & Millichap in an all-cash transaction
“The sale of 11035 Bird Road was a win for both the buyer and seller,” said Hassan, associate investments. “The property has operated as a Pinch A Penny Pool Supply for over 35 years and will continue operating for years to come. Bird Road remains one of Miami-Dade County’s most sought-after retail corridors, supported by strong demographics and high traffic counts that continue to drive investor interest in long-term, stable cash flow.”
The 9,298-square-foot property sits on a 30,200-square-foot parcel with 39 parking spaces and is positioned along Bird Road, one of Miami’s busiest retail corridors, with traffic counts exceeding 45,000 vehicles per day. The asset is secured by a new 15-year absolute net lease and is located less than two miles from Florida International University and less than one mile from Kendall Hospital.
Pinch A Penny was founded in 1975 in Clearwater, Florida, and has grown to more than 300 locations nationwide.
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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.
