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Palmetto Bay, Fla. — Marcus & Millichap has brokered the $11.9 million sale of Coral Reef Plaza, a 29,115-square-foot retail center located in Palmetto Bay, approximately 15 miles southwest of downtown Miami. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap procured the buyer in the transaction.
Located at 15295 and 15315 S. Dixie Highway, the nearly 2-acre property includes 34 suites across a mix of retail and office space, including a freestanding Taco Bell, a multi-tenant retail strip and a mixed-use building.