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1.3M SF Net-Leased Portfolio Trades in Medley

MIAMI—“The properties in the portfolio combine to be the largest auto salvage business in Miami-Dade County,” says Marcus & Millichap's Alex Zylberglait.

By Jennifer LeClaire | Updated on September 05, 2014

MIAMI—A 1.3 million-square-foot triple net leased portfolio in Medley, FL, has traded hands. Dubbed the LKQ Portfolio, the three-property collection in western Miami-Dade County sold for $17.3 million.

Alex Zylberglait, first vice president investments, and Joseph Phelps, associate, both in Marcus & Millichap‘s Miami office, represented the seller, a private investor. Gramercy Property Trust snapped up the assets. LKQ Corp is a Fortune 500 company and the industry leader in the sale of aftermarket and recycled auto parts.

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