Here's why brokers think they'll get $430 a square foot for a 19,000-square-foot warehouse.
March 16, 2015 at 02:23 PM
1 minute read
Marcus & Millichap brokers Jonathan Gerszberg and Andy Charry are pitching a vacant 19,065-square-foot warehouse in a graffiti-covered corner of Miami’s Wynwood neighborhood.
The $8.2 million asking price would work out to about $430 per square foot—a staggering number in Miami-Dade’s complex market, where large transactions still close for $45 per square foot in areas like North Central Dade.
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