MIAMI—Shoppes of Tamiami, a 12,909 square-foot retail center located in Miami, has traded hands. The shopping center sold for $6 million.

Drew A. Kristol and Kirk D. Olson, both vice presidents of Investments in Marcus & Millichap's Miami office, had the exclusive listing to market the property on behalf of the seller. The seller was a Miami-based limited liability company from Miami. The buyer was also a limited liability company based in Miami.

“We were able to generate a great deal of interest from investors for the Shoppes of Tamiami due to the fact that newer constructed retail centers like this one rarely become available for sale in major retail corridors in Miami-Dade County,” says Olson. “The property features a strong, national tenant mix and excellent frontage on SW 8th Street with traffic counts over 50,000 cars per day.”

Built in 2007, Shoppes of Tamiami has a diverse rent roll of 90% national tenants, including Starbucks, Smoothie King, Mattress Firm, Massage Envy, and T-Mobile. The property is located at 14200 Southwest 8th Street in Miami, FL.