Calico Groll Purchases Retail Property From Linda Sands In North Miami Beach For $5.05M
SOLD
$5,050,000
Florida
See Similar DealsRetail21,728 SF
Sold 06/02/2025
SOLD
Calico Groll Purchases Retail Property From Linda Sands In North Miami Beach For $5.05M
1601 Northeast 163rd Street & 1621 Northeast 163rd Street
See Similar DealsRetail21,728 SF
Sold 06/02/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$232
Total Square Footage:21,728 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 1601 & 1621 Northeast 163rd Street in North Miami Beach. This retail asset was sold for a transaction amount of $5,050,000. The total square footage of the property is 15,228, resulting in a price per square foot of $331.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,050,000
- Address: 1601 & 1621 Northeast 163rd Street
- Market: North Miami Beach
- Square Footage: 15,228
- Price Per Square Foot: $331
- Buyer: Calico Groll
- Seller: Linda Sands
- Brokers: Tony Ulloa & Marcos Macias - The Keyes Company
The transaction was facilitated by brokers Tony Ulloa and Marcos Macias from The Keyes Company, who represented the buyer and seller in this deal. The sale occurred on June 2, 2025, marking a significant exchange in the retail market of North Miami Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92
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