MIAMI—1000 17th Street, a 17,975-square-foot corner retail property in Miami Beach, FL, is up for sale. Marcus & Millichap listed the retail asset for $30 million, free and clear of existing debt.
Kirk D. Olson and Drew A. Kristol, vice presidents investments in Marcus & Millichap's Miami office are representing the seller. The seller is a Miami Beach-based developer.
“The 1000 17th Street building is an incredibly rare opportunity for an investor to acquire a newly constructed, trophy retail property in the heart of the Lincoln Road Mall submarket,” says Kristol. “The property is cash-flow positive and offers more than 13,500 square feet of vacant space ready to be leased or occupied.”
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