Marcus & Millichap Brokers $6.65 Million Sale of Chase Bank in Miami

MIAMI, Sept. 3, 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 4,545-square-foot Chase Bank at 11399 SW 40th St. in Miami, Florida, for $6,650,000.

"We're proud to have represented ownership in this marquee property sale in one of Miami's strongest markets," said Alex Zylberglait, executive managing director investments in Marcus & Millichap's Miami office. "This is an excellent location with a strong credit tenant and superb demographics." Zylberglait and Michael Crocchiola, director investments, represented the seller, a private owner.

Built in 2011, the property is leased to JPMorgan Chase Bank on an absolute net ground lease that runs through June 2031. The 0.52-acre parcel sits at the intersection of SW 40th Street (Bird Road) and SW 114th Avenue, with traffic counts of more than 60,000 vehicles per day. Nearby national retailers include Publix, Home Depot and Walgreens.

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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.