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 Bassett Furniture, a 10,027-square foot net-leased property located in Coral Gables, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset is listed for $9,963,636.

Bassett Furniture is located at 425 S Dixie Hwy in Coral Gables, FL. This property is currently leased to Bassett Furniture with 13 years remaining on its lease. The Property has been recently renovated and the Tenant has demonstrated commitment to the site by investing more than one million dollars into the remodeling. This is a great opportunity for an investor seeking a opportunity to invest in a passive real estate investment in the core of Miami with tremendous residual value.” Says Sandelin. The property is surrounded by the City’s largest employer – University of Miami, numerous residential developments, Miracle Mile, Merrick Park Shoppes, and many more historic landmarks.

Scott C. Sandelin and Jonathan De La Rosa, investment specialists in Marcus & Millichap’s Miami office, have the exclusive listing to market the property on behalf of the seller, a limited liability company.

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