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 VIDA | Brickell, a shovel ready 60 units project in Miami, FL, according to Scott Lunine, regional manager of the firm’s Miami office. The asset is listed for $7,195,000.
VIDA | Brickell is located at 1621 SW 2nd Ave in Miami, FL. The opportunity allows a developer to acquire a fully approved project which lends itself for either residential or hospitality, with all engineering, architecture plans and permits paid. The project is across from Sampson Park, minutes from Publix, Mary Brickell Village, Brickell City Center, public transportation and easy access to 95. The approvals are for 60 units consisting of; 20 one bed/one bath, two one bed/one bath plus den, 34 2 bed/2 baths plus den and four two bed/two and one-half bath. The unit sizes rage from 823 square feet to 1,215 square feet. The building will be eight floors with the amenity deck on the roof or ninth floor. The land is approximately 19,850 square feet and currently vacant. The zoning for this area is T6-8 under Miami 21.
Ryan T. Shaw, 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
