Rose Cabrera Purchases Retail Property From Michael Rauf In North Miami Beach For $2.2M

This retail property located at 901 Northeast 167th Street in North Miami Beach has a sale price of $2,200,000. The asset encompasses 4,420 square feet, resulting in a price per square foot of $497.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,200,000
• Buyer: Rose Cabrera
• Seller: Michael Rauf
• Broker: Sam Mekras - MSP Group
• Square Footage: 4,420
• PPSF: $497

Sam Mekras of MSP Group facilitated the sale of this vacant commercial property, which holds significant development potential. The buyer utilized seller financing to acquire the property and plans to renovate the existing structure.