AMAC Acquires Development Site In North Miami Beach For $10.3M

An investment development site in North Miami Beach has been sold for a total of $10,300,000. The property, located at 17990 W. Dixie Highway, spans across 2.9 acres. It consists of a 236,740-square-foot building and an additional 1,450 square feet of retail space. The sale price equates to a price per square foot of $43. The transaction was facilitated by the buyer's representative, Adam Freeman of Coldwell Banker, and the seller's representative, Adam J. Tiktin of Tiktin Real Estate Investment Services (TREIS).

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,300,000
• Address: 17990 W. Dixie Highway
• Market: North Miami Beach
• Building Square Footage: 236,740
• Retail Square Footage: 1,450
• Total Square Footage: 238,190
• Price per Square Foot: $43
• Total Acres: 2.9
• Buyer: AMAC
• Seller: West Dixie Holdings
• Buyer's Representative: Adam Freeman - Coldwell Banker
• Seller's Representative: Adam J. Tiktin - Tiktin Real Estate Investment Services (TREIS)

This transaction showcases the successful collaboration between AMAC, the buyer, and West Dixie Holdings, the seller. Their respective representatives, Adam Freeman of Coldwell Banker and Adam J. Tiktin of Tiktin Real Estate Investment Services (TREIS), played crucial roles in facilitating the deal. With this sale, AMAC has acquired a prime development site in North Miami Beach, offering significant potential for future development and investment opportunities.