MIAMI, Fla., Nov. 10, 2022 – 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 Doral Industrial, a 93,046-square-foot industrial building in Miami, Florida. The asset traded for $18.1 million.

    “Built in 1983, Doral Industrial sits on just over 4.5 acres and consists of 26 suites,” said Michael Alaoui, senior associate in Marcus & Millichap’s Miami office. “This well-maintained asset benefits from the neighboring demographics, which include a five-mile radius population of 428,000. The building has strong visibility on highly trafficked 64^th Street. Being only 13 miles from Downtown Miami, this asset and its retailers capitalize from the over 10 million visitors to Miami each year.” The buyer, a limited liability company, was secured and represented by Alaoui.

Doral Industrial is located off Highway 826, approximately four miles from major national retailers including Walmart, Target and Best Buy.