Faith Group Sells International City Building I In North Miami Beach For $6.5 Million

The property asset involved in the transaction is an office building located at 150 Northwest 168th Street in North Miami Beach. The asset spans 25,902 square feet and was sold for $6.5 million, translating to a price per square foot of $251. The property sits on 0.86 acres and is situated across from Jackson North Medical Center, making it favorable for medical users with easy access to major transportation routes. The building has undergone significant upgrades, with over $3 million invested in recent improvements.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,500,000
• Address: 150 Northwest 168th Street
• Market: North Miami Beach
• Square Footage: 25,902
• Price per Square Foot: $251
• Acres: 0.86
• Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap; Roy Faith - FIP Commercial

Key individuals involved in the transaction include Alex Zylberglait and Michael Crocchiola, who represented the sellers through Marcus & Millichap. Roy Faith from FIP Commercial was also involved in the transaction, contributing to the successful sale of the International City Building I.