Investment Overview

Marcus & Millichap is pleased to present a notable retail asset located at 3655 NW 107th Ave, in the prosperous Miami suburb of Doral, Florida. This multi-tenant retail center occupies a total gross leasable area of 15,314 SF and is fully occupied with a diverse mix of 9 tenants, creating a synergy that ensures constant traffic throughout the day, enhancing the investment value of the property. The thriving retail center is ideally positioned to service a bustling business community and surrounding exclusive residential neighborhoods, providing strong customer demand for the center’s tenants. The property is in the vibrant city of Doral, an upscale Miami suburban city with 77,759 residents, which hosts approximately 100,000 workers daily. Doral boasts a beautiful, tropical, park-like setting, and is renowned for its shopping, world-class golf courses, and its rich Latin culture. The asset fronts on 107th Avenue which is a major roadway with traffic counts of 67,000+ vehicles per day. This property is strategically located adjacent to Nicklaus Children's Outpatient and Urgent Care Center, a 40,000 SF healthcare center aimed at serving the needs of patients 21-years-old or younger. Nicklaus Children’s Hospital is a well-respected brand. The very busy facility provides a variety of pediatric specialty services, including developmental-behavioral, pediatrics, endocrinology, gastroenterology, and sports health programs. Tenants at the subject property benefit greatly from their exposure to the hospitals’ steady stream of patients and guests. The subject is located directly across the street from Bridge Point Doral, a massive 2.6 million square foot logistics center on a 175-acre site, currently being developed. The state-of-the-art buildings will feature 36’ clear height with 54’ column spacing. Bridge Point Doral enjoys access to multiple highways including Florida’s Turnpike, the MIA Cargo Viaduct, and SR’s 826 and 836, and is minutes to Miami International Airport, Port Miami, and Miami’s CBD. The subject property will benefit from its proximity to Bridge Point Doral and from exposure to the gargantuan industrial complex’s many visitors. Investing in this asset presents an investor with the opportunity to acquire a fully-leased retail center in a high-barriers market, where retail properties rarely change ownership, and where retail space is always in high demand. The property’s strategic location adjacent to Children’s Hospital and across from the massive Bridge Point Doral industrial park, and its location on 107th Avenue with 67,000 vehicles daily, ensures the center’s success.