Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Plaza 170 in North Miami Beach, Florida. The property sold for $6,785,000.
“Marcus & Millichap’s unique marketing platform was able to attract a number of local and out of area investors to Plaza 170,” said Felipe Echarte, senior vice president of investments. “While highlighting the property’s unique location, excellent unit mix and very large units.”
Echarte, Evan Kristol, and Nicholas McAndrew investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market Plaza 170 on behalf of the seller and procured the buyer, both private investors.
Positioned between NE 170th St. and 171st St. on the corner of NE 10th Ave., the unit mix includes studios, one-bedroom, and two-bedroom, totaling 38 units. Nearby national retailers include Walmart, Home Depot, Chick-Fil-A, and Publix.
