Marcus & Millichap Inc.
09/18/2025 | Press release | Archived content
Marcus & Millichap Sells Aventura Retail Strip for over $1,000 per Square Foot
Press Releases
Marcus & Millichap Sells Aventura Retail Strip for over $1,000 per Square Foot
September 18, 2025
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AVENTURA, Fla., Sept. 10, 2025 - 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 6,650-square-foot retail property at 21211-21215 Biscayne Boulevard in Aventura, Florida. The asset sold for $6,850,000.
"Aventura remains one of South Florida's most coveted markets with limited supply and high barriers to entry," said Douglas Mandel, executive managing director investments in Marcus & Millichap's Fort Lauderdale office. "Retail properties along Biscayne Boulevard rarely trade which created a tremendous amount of demand."
Mandel and Marcus & Millichap's Zach Levine and Cody Hershey exclusively marketed the property on behalf of the seller, OPH Realty LLC, and procured the buyer, Triarch Capital Group, Inc.
The property is located along Biscayne Boulevard at the intersection of NE 213th Street, which sees more than 50,000 vehicles per day. Tenants include The Original Pancake House, Morelia Ice Cream Paletas and Jimmy John's. The property operates as an outparcel to Aventura Commons, a 267,000-square-foot retail center anchored by Whole Foods, Best Buy, Ulta Beauty and Target.
"Aventura remains one of South Florida's most coveted markets with limited supply and high barriers to entry," said Douglas Mandel, executive managing director investments in Marcus & Millichap's Fort Lauderdale office. "Retail properties along Biscayne Boulevard rarely trade which created a tremendous amount of demand."
Mandel and Marcus & Millichap's Zach Levine and Cody Hershey exclusively marketed the property on behalf of the seller, OPH Realty LLC, and procured the buyer, Triarch Capital Group, Inc.
The property is located along Biscayne Boulevard at the intersection of NE 213th Street, which sees more than 50,000 vehicles per day. Tenants include The Original Pancake House, Morelia Ice Cream Paletas and Jimmy John's. The property operates as an outparcel to Aventura Commons, a 267,000-square-foot retail center anchored by Whole Foods, Best Buy, Ulta Beauty and Target.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 23, 2025 at 18:33 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]