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 West Brickell/The Roads 22 Unit Portfolio, a 22-unit apartment property located in Miami, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $2,860,000.

Arthur D. Porosoff, investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Arthur D. Porosoff, an investment specialist in Marcus & Millichap’s Miami office.

West Brickell/The Roads 22 Unit Portfolio consists in two buildings in different locations. The West Brickell building is located at 600 SW 10th St in Miami, FL, and The Roads building is located at 350 SW 15th Road in Miami, FL. The buildings feature a desirable unit mix of 10 studio/one-bathroom units, 10 one-bedroom/one-bathroom units, and 2 two-bedroom/one-bathroom units. Both parcels aggregate to 23,522 square feet on land and represent 10,484 rentable square feet.

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