MIAMI—With so much of Miami's urban core already built out, demand is still strong in the area's emerging neighborhoods. One of those neighborhoods is the trendy Sunset Harbour in Miami Beach. Local, national and global developers are snapping up commercial real estate there.
Metro 1 Commercial is pointing out to high activity in the neighborhood. The firm recently completed four transactions totaling nearly 40,000 square feet in the swanky submarket.
Mika Mattingly represented the landlords in a transaction involving Route 66 and Texaco, located at 1845 Bay Road and 1840 Alton Road respectively, valued at $6.75 million. The Route 66 property is a 3,800-square-foot building sitting on 8,000 square feet. The Texaco facility is a 4,595-square-foot building on a 16,000-square-foot lot.
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