Press Releases
Marcus & Millichap Brokers $7M Sale of Industrial Property in Miami
July 17, 2026
MIAMI, July 17, 2026 – 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 RAM & DAS Aerospace Defense Solution, a single-tenant industrial property in Miami, Florida. The asset sold for $7 million.
“The property's central location, with easy access to Miami International Airport, the Palmetto Expressway and other major transportation corridors, makes it attractive to industrial investors,” said Nick Hassan, associate director investments in Marcus & Millichap’s Miami office. “The sale highlights continued demand for industrial properties across South Florida, where limited supply and strong investor interest are driving competition for well-located assets.”
Hassan, Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap exclusively marketed the property on behalf of the seller, Colonial III Inc., and procured the buyer.
The property is a 38,040-square-foot industrial facility on 1.04 acres. It was built in 1951. The building is occupied by RAM & DAS Aerospace Defense Solution, which provides aerospace parts repair, maintenance and distribution services, including heavy airframe repairs and large component overhauls.
3661 NW 50th St. is situated in East Hialeah in Miami’s aviation corridor. The property is close to key logistics and transportation infrastructure including Miami International Airport, Opa-locka Executive Airport and the Port of Miami.
“The property's central location, with easy access to Miami International Airport, the Palmetto Expressway and other major transportation corridors, makes it attractive to industrial investors,” said Nick Hassan, associate director investments in Marcus & Millichap’s Miami office. “The sale highlights continued demand for industrial properties across South Florida, where limited supply and strong investor interest are driving competition for well-located assets.”
Hassan, Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap exclusively marketed the property on behalf of the seller, Colonial III Inc., and procured the buyer.
The property is a 38,040-square-foot industrial facility on 1.04 acres. It was built in 1951. The building is occupied by RAM & DAS Aerospace Defense Solution, which provides aerospace parts repair, maintenance and distribution services, including heavy airframe repairs and large component overhauls.
3661 NW 50th St. is situated in East Hialeah in Miami’s aviation corridor. The property is close to key logistics and transportation infrastructure including Miami International Airport, Opa-locka Executive Airport and the Port of Miami.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
