Press Releases
arcus & Millichap Arranges $8.7 Million Sale of Three Vacant Commercial Buildings in Hallandale Beach
March 19, 2025
HALLANDALE BEACH, Fla., Mar. 19, 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 three vacant commercial buildings totaling 33,000 square feet in Hallandale Beach, Florida, for $8.7 million. The property, located in an opportunity zone with Regional Activity Center (RAC) corridor zoning, allows for a wide range of uses, including residential, office, retail, restaurant and hotel.
Ryan Shaw, Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, a private investor, in the transaction.
“This property sits on a rare full city block spanning nearly 80,000 square feet just minutes west of Federal Highway,” said Drew Kristol, senior managing director investments.
Located at 100 E. Hallandale Beach Blvd., the 1.5-acre site sits at the intersection of Hallandale Beach Boulevard and SE 1st Avenue, offering high visibility and accessibility. The property is adjacent to the revitalized District 8 entertainment corridor, a growing hub for arts, dining and retail. Hallandale Beach is experiencing a surge in mixed-use and high-density developments, with more than $1 billion in projects underway, including residential towers, retail centers and hospitality ventures.
Ryan Shaw, Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, a private investor, in the transaction.
“This property sits on a rare full city block spanning nearly 80,000 square feet just minutes west of Federal Highway,” said Drew Kristol, senior managing director investments.
Located at 100 E. Hallandale Beach Blvd., the 1.5-acre site sits at the intersection of Hallandale Beach Boulevard and SE 1st Avenue, offering high visibility and accessibility. The property is adjacent to the revitalized District 8 entertainment corridor, a growing hub for arts, dining and retail. Hallandale Beach is experiencing a surge in mixed-use and high-density developments, with more than $1 billion in projects underway, including residential towers, retail centers and hospitality ventures.
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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 www.MarcusMillichap.com.
