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Rare South Beach Corner Retail Asset Trades

MIAMI—This deal is enviable on several fronts. Find out what Marcus & Millichap's Drew Kristol has to say about what makes it special.

By Jennifer LeClaire | Updated on July 18, 2014

MIAMI—A vacant building on South Beach will soon bring new retail life to the city. 1400 Alton Road, a two-story, 11,716-square-foot building, just sold for $5.25 million.

Drew A. Kristol and Kirk D. Olson, vice president investments in Marcus & Millichap‘s Miami office, represented the seller, a limited liability company from Greenwich, CT. Harrison Rein, an associate, Felipe J. Echarte, a vice president investments, Evan P. Kristol, a senior vice president investments—all in M&M’s Fort Lauderdale office—secured the buyer, a limited liability company from Miami.

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