Neighborhood Shopping Center in Suburban Miami Expects to Trade for More Than $50M

An LLC has placed Doral Shops, a 113,354-square-foot neighborhood shopping center in Doral, FL, on the market. The unpriced offering is expected to trade for more than $50 million, according to Marcus & Millichap, which is handling the listing. 

 “Located within a high barrier-to-entry market with little-to-no land available for new retail development, the offering presents an experienced operator with an outstanding opportunity to significantly improve operational efficiencies and capitalize on the area’s continued population and economic growth,” said Edward Romo, senior associate in Marcus & Millichap’s Miami office, in prepared remarks.