13,624-SQUARE-FOOT RETAIL BUILDING SELLS FOR $17.65 MILLION

by admin

MIAMI BEACH, FLA. — A 13,624-square-foot, single-tenant retail building, located at 745 Collins Ave. in Miami Beach, Fla., has been sold for $17.65 million. The building is occupied by Victoria's Secret, which has a 15-year, double-net lease with 14 years remaining. The undisclosed seller was represented by Lori Schneider of Marcus & Millichap's Fort Lauderdale, Fla., office and Drew Kristol and Kirk Olson of the Miami office. The buyer, a foreign entity with an office in New York City, was represented by Sean Shahar Ziv, a San Diego-based independent agent.

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