Marcus & Millichap Facilitates $7.7M Sale Of North Miami Beach Retail Property
1190 Northeast 163rd Street, North Miami Beach, FL 33162
$7,700,000
$1,646/SF
Building Size
4,676 SF
Asset Type
Retail
Closing
Jan 7, 2022
About this deal
AI
The retail property located at 1190 NE 163rd St in North Miami Beach has been sold for a price of $7,700,000. The transaction took place on January 7, 2022. The property spans a total area of 4,676 square feet, resulting in a price per square foot of $1,647. The sale was facilitated by brokers Scott Sandelin and Alex D'Alba from Marcus & Millichap.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $7,700,000
- Address: 1190 NE 163rd St, North Miami Beach
- Market: North Miami Beach
- Square Footage: 4,676
- Price per Square Foot: $1,647
Scott Sandelin and Alex D'Alba from Marcus & Millichap played key roles in representing the parties involved in the transaction. They acted as the brokers for the buyer and seller, facilitating the successful sale of the retail property.
On the Map
$7,700,000
$1,646/SF
Retail
View full map
Players
North Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Alejandro (Alex) D'Alba to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93