Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the exclusive listing of two fully leased retail properties located in the town of Surfside, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset has an open bid price.

The assets are located at 9429 and 9509 Harding Avenue within Surfside’s business district and consist of 2,939 square feet of leasable space. This offering presents a rare opportunity for an investor to acquire cash flowing, retail assets in this coveted, two block business districts of Surfside. Since 2010, this once sleepy seaside town has been in the midst of a renaissance that is transforming the area into a luxury destination. Luxury developments like The Four Seasons Surf Club and Fendi Chateau Condos are paving the way for a significant increase in demand within the business district. This demand over time will translate into higher rental rates within the area and correlating returns for the landlords.

Scott C. Sandelin, 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