Florida Royalty Investments Group Acquires Mixed-Use Property In North Miami Beach For $9.3M

The mixed-use property located at 16051 W. Dixie Highway in North Miami Beach has been sold for a total price of $9,300,000. Spanning over 20,000 square feet, the property was sold at a price of $465 per square foot. The transaction took place on February 28, 2022.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $9,300,000
• Address: 16051 W. Dixie Highway
• Market: North Miami Beach

The buyer of this property was Ivan Herrera, representing Florida Royalty Investments Group. On the other side of the deal, Alberto Lensi, from Addi Properties, served as the seller. The transaction was facilitated by brokers Adam J. Tiktin and Greg Matus from Franklin Street.