MIAMI GARDENS, Fla., February 16, 2023 – 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 a 24,949-square foot industrial property located in Miami Gardens, Florida for $4,200,000.

“This is a strategic acquisition right across City Hall in an area with significant growth and an asset class with very limited market supply with easy access to all points in Miami-Dade and Broward counties,” said, Alex D. Zylberglait senior managing director investments. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The building is pre-cast concrete with a 16' ceiling height, three different level loading docks, a drive-up ramp for forklifts, and 25 car parking spaces suitable for various warehouse uses. The property recently underwent improvements including roof upgrades and subterranean tank removal.

The property located at 18470 Northwest 27th Avenue. The property is on a major road Northwest 27th Avenue, with approximately 200 feet of frontage. This asset sits at the intersection of two major transit corridors.