$11.6 Million Sale Opportunity Hits the Market in Wynwood, FL

7/6/20

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the exclusive listing two Wynwood Properties 2010 & 2019 NW 1st Ct, 15,900 and 13,715 square feet of land respectively, located in Miami, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset is listed for $11,610,000.

Ryan Shaw First Vice President, Jose Fernandez, Quinn Sousa, investment specialists in Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of the seller, a limited liability company.

“These two properties are located on the south end of Wynwood where there has been a lot of recent activity with popular places like Astra Rooftop that has opened a block from the property and tech company ROKK3R Inc. Developers Related just purchased two blocks east on Miami Ave and Sarkis Izmirlian the developer of Baha Mar in Bahamas who purchased property on 20th Street just west of the subject in December last year ” says Shaw

Wynwood Properties is located at 2010 and 2019 NW 1st Ct in Miami, FL. The properties are 15,900 and 13,715 square feet respectively. The zoning is T6-8-O and T-5 with Wynwood overlay of NRD-1. The properties can fit a total of 101 residential units or 202 hotels between the two properties.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.