Press Releases
Marcus & Millichap Brokers $6.3M Sale of Retail Property in Hialeah, Florida
November 05, 2026
HIALEAH, Fla., Nov. 5, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 1325 W. 49th St., a retail property in Hialeah, Florida. The asset sold for $6.3 million.
“This transaction is a true testament to the enduring value of well-located retail real estate in Miami and the continued investor demand for quality assets in supply-constrained markets,” said Jonathan De La Rosa, senior managing director investments in Marcus & Millichap’s Miami office. “Properties along West 49th Street rarely come to market, making this multi-tenant, net-leased retail center a unique investment opportunity in one of Hialeah’s most sought-after commercial corridors.”
De La Rosa and Eddie Toledo of Marcus & Millichap exclusively listed the property on behalf of the seller and procured the buyer.
“We successfully sourced a buyer who recognized the long-term value of this irreplaceable location, with existing rents below $40 per-square-foot and significant upside through future rent growth and repositioning,” added De La Rosa. “For the seller, the transaction presented an opportunity to capitalize on strong investor demand, achieving a sale at a low 5% cap rate despite a challenging interest rate environment, while positioning themselves to redeploy the proceeds into higher-yielding investments.”
The property is a free-standing 13,026-square-foot building on a 0.76-acre lot. It was built in 1968 and presents opportunities for redevelopment. The property, zoned C-2, includes three suites and onsite parking. It is fully occupied by FirstBank Florida, Papa John's and Stanton Optical.
The property is in a high traffic corridor in Hialeah, close to Larkin Community Hospital Palm Springs Campus (Hialeah), Interstate 75 and the Miami-Opa Locka Executive Airport.
“This transaction is a true testament to the enduring value of well-located retail real estate in Miami and the continued investor demand for quality assets in supply-constrained markets,” said Jonathan De La Rosa, senior managing director investments in Marcus & Millichap’s Miami office. “Properties along West 49th Street rarely come to market, making this multi-tenant, net-leased retail center a unique investment opportunity in one of Hialeah’s most sought-after commercial corridors.”
De La Rosa and Eddie Toledo of Marcus & Millichap exclusively listed the property on behalf of the seller and procured the buyer.
“We successfully sourced a buyer who recognized the long-term value of this irreplaceable location, with existing rents below $40 per-square-foot and significant upside through future rent growth and repositioning,” added De La Rosa. “For the seller, the transaction presented an opportunity to capitalize on strong investor demand, achieving a sale at a low 5% cap rate despite a challenging interest rate environment, while positioning themselves to redeploy the proceeds into higher-yielding investments.”
The property is a free-standing 13,026-square-foot building on a 0.76-acre lot. It was built in 1968 and presents opportunities for redevelopment. The property, zoned C-2, includes three suites and onsite parking. It is fully occupied by FirstBank Florida, Papa John's and Stanton Optical.
The property is in a high traffic corridor in Hialeah, close to Larkin Community Hospital Palm Springs Campus (Hialeah), Interstate 75 and the Miami-Opa Locka Executive Airport.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
