Michael Alaoui Of Marcus & Millichap Represents Seller In $6.05M Miami Industrial Sale

This transaction involves the sale of an industrial portfolio located at 3700-3740 Northwest South River Drive in Miami. The property spans 1.29 acres and comprises a total square footage of 25,616. It is part of the Airport Center district and was sold for $6,050,000, translating to a price per square foot of $236.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,050,000
• Square Footage: 25,616
• Address: 3700-3740 Northwest South River Drive
• Market: Miami
• Acres: 1.29
• PPSF: $236

Michael Alaoui from Marcus & Millichap represented the seller and procured the buyer for this fully occupied 19-unit property. The sale was an all-cash transaction and highlights the successful brokerage efforts in this market segment.