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 a 24,344-square foot office property located in Oakland Park, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $2,680,000.

“The strategic location of this asset coupled with strong upside in occupancy and rental rates will allow the new owner to capitalize on the current strength and demand for office and medical office space.” Says Zylberglait

The office building is located at 1400 East Oakland Park Boulevard in Oakland Park, FL. With a lot size for 1.09 acres, great visibility and ample parking, built in 2007. The property is well positioned near Interstate 95, providing accessibility for commuters traveling both northbound and southbound.

Alex D. Zylberglait, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor.

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