Texas Property Group Acquires Retail Property In North Miami Beach For $1.34M

An 8,184 square foot retail property located at 1870 NE 163rd Street in North Miami Beach has been sold for $1,340,000. The property was sold on 12/15/2021, and has a total of 3,397 square feet of space. The price per square foot for the property is $394, and the price per lot square foot is $164.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,340,000
• Address: 1870 NE 163rd Street, North Miami Beach
• Square Footage: 3,397
• Price per Square Foot: $394
• Lot Square Footage: 8,184
• Price per Lot Square Foot: $164

The buyer of the property is Texas Property Group, represented by Manny Farhamian. The seller of the property is Stephen Lee. The deal was facilitated by brokers Jamie Rose Maniscalco and Alyssa Armstrong from Apex Capital Realty.