North Miami Business Park

IPA Brokers $21.3M Sale of Business Park in North Miami

by John Nelson

NORTH MIAMI, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap that serves institutional and major private real estate investors, has brokered the $21.3 million sale of North Miami Business Park. The 12-building, 214,318-square-foot property features office, warehouse and mini-storage facilities. The business park is located at 1922 N.E. 149th St. midway between Fort Lauderdale and Miami. Douglas Mandel and Benjamin Silver of IPA represented the seller, a fund based in Boston, in the transaction. The buyer was a limited liability company based in Coral Gables, Fla.

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