Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 6301 W Commercial Blvd, a 12,750-square foot retail property located in Tamarac, FL, according to Scott Lunine, regional manager of the firm’s Miami office. The asset sold for $1,385,000.

Drew A. Kristol, Kirk D. Olson and Ryan T. Shaw, 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. “There was a lot of interest for this property, which is a great opportunity for investors who are very interested in properties at this price point” said Ryan Shaw.

The Property is located at 6301 W Commercial Blvd in Tamarac, FL. The property was 50% vacant, with the remaining space occupied by local small business or religious tenant. The buyer plans to finish the current renovations and open a school in the vacant space.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com