Marcus & Millichap Sells Doral Retail Property For $15.13M

The Shoppes at Doral is a 16,466-square foot retail property located in Doral, Florida at 10425 NW 41st St. The property was sold for $15,125,000.00 in a recent transaction. The retail strip is situated on 1.25 acres and was built in 1999. It is fully leased, with tenants including Sports Clips, Fuegos Del Sur Restaurant, Verizon, Pan Pa Ya Bakery, and more. Additionally, the center is shadow anchored by a Winn Dixie supermarket.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,130,000.00
• Market: Doral
• Seller's Representative: Kirk Olson(Marcus & Millichap), Kristol Olson(Marcus & Millichap)
• Buyer: Undisclosed
• Square Footage: 16,466

Marcus & Millichap's Miami office, led by Drew Kristol and Kirk D. Olson, both senior vice presidents, successfully facilitated the sale of the Shoppes at Doral. The property was marketed on behalf of the seller, a Florida based private investor, who had originally purchased the center from the developer. The deal attracted interest from both national and international buyers, culminating in the sale of the well-positioned retail strip along 41st St. N.W. in Doral.