Marcus & Millichap Inc.
10/15/2024 | Press release | Archived content
Marcus & Millichap Facilitates $9 Million Sale of Industrial Property in Hialeah’s Leah Arts District
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Marcus & Millichap Facilitates $9 Million Sale of Industrial Property in Hialeah's Leah Arts District
October 15, 2024
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MIAMI, Oct. 15, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 32,000-square-foot industrial property located in Hialeah's Leah Arts District for $9 million.
"The sale of this former brewery highlights the growing demand from buyers seeking specialized warehouses," says Eddie Toledo, vice president investments. "Especially in locations like Hialeah's Leah Arts District, where the blend of functionality and proximity to a vibrant cultural hub creates unique opportunities for investors."
Toledo, Jonathan De La Rosa and Hugo Cardona, investment specialists in Marcus & Millichap's Miami office, exclusively marketed the property on behalf of the seller, Maverick Brewing Real Estate, LLC, and procured the buyer, an out-of-state LLC.
Located at 1395 E 11th Ave., the property sits in the Leah Arts District, a vibrant cultural hub attracting artists, creatives, and entrepreneurs. Similar to Wynwood, the district has become a destination for live-work spaces, art galleries, and community events. The property, which was sold vacant but had previously operated as Unbranded Brewery, offers convenient access to major highways, including Okeechobee Road, the Palmetto Expressway, and the Dolphin Expressway.
"The sale of this former brewery highlights the growing demand from buyers seeking specialized warehouses," says Eddie Toledo, vice president investments. "Especially in locations like Hialeah's Leah Arts District, where the blend of functionality and proximity to a vibrant cultural hub creates unique opportunities for investors."
Toledo, Jonathan De La Rosa and Hugo Cardona, investment specialists in Marcus & Millichap's Miami office, exclusively marketed the property on behalf of the seller, Maverick Brewing Real Estate, LLC, and procured the buyer, an out-of-state LLC.
Located at 1395 E 11th Ave., the property sits in the Leah Arts District, a vibrant cultural hub attracting artists, creatives, and entrepreneurs. Similar to Wynwood, the district has become a destination for live-work spaces, art galleries, and community events. The property, which was sold vacant but had previously operated as Unbranded Brewery, offers convenient access to major highways, including Okeechobee Road, the Palmetto Expressway, and the Dolphin Expressway.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.