MIAMI—A vacant 7,000-square foot retail space in Miami Beach just traded hands. The sale price: $3.276 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 Florida. The purchasers are companies affiliated with Time Equities.
“1019 5th Street is a rare retail property located on the busy 5th Street commercial corridor of South Beach,” says Kristol. “It is ideal for retail, showroom or other tenants seeking visibility on busy 5th Street, the primary entry point into South Beach from Interstate 395 and Downtown Miami.”
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