Calico Groll Purchases Retail Property From Linda Sands In North Miami Beach For $5.05M
1601 Northeast 163rd Street & 1621 Northeast 163rd Street
$5,050,000
$232/SF
Building Size
15,228 SF
Asset Type
Retail
Closing
Jun 1, 2025
About this deal
AI
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.
On the Map
$5,050,000
$232/SF
Retail
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Players
North Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93