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Calico Investments Acquires Retail Asset From Irv Epstein In North Miami Beach For $2.35M

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SOLD
$2,350,000

Florida

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Retail9,563 SF
Sold 01/26/2026
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SOLD

Calico Investments Acquires Retail Asset From Irv Epstein In North Miami Beach For $2.35M

1410 Northeast 163rd Street

See Similar Deals
Retail9,563 SF
Sold 01/26/2026
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$245
Total Square Footage:9,563 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 1410 Northeast 163rd Street, North Miami Beach. The transaction was completed on January 26, 2026, with a sale price of $2,350,000. The total square footage of the property is 9,563, resulting in a price per square foot of $245.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,350,000
  • Buyer: Calico Investments
  • Seller: Irv Epstein
  • Broker: Joshua Rosa - APEX Capital Realty
  • Date of Sale: 01/26/2026
  • Square Footage: 9,563
  • Price per Square Foot: $245

In this transaction, APEX Capital Realty played a significant role by representing the seller, Irv Epstein. The deal was noteworthy as it served as the first of three properties expected to be closed by the buyer for a larger 1031 exchange. The broker facilitated a new 6-year lease at market rate with the existing tenant, 'Clear Vision', and handled necessary renovations to meet the buyer's closing requirements.

Players

Joshua Rosa
6 deals$7.9M volume(954) 815-5195
BROKER

APEX Capital Realty
BROKERAGE

Details

SOLD
IMAGE: 01/26/2026 ADDRESS: 1410 Northeast 163rd Street MARKET: North Miami Beach ASSET TYPE: Retail BUYER: Calico Investments SELLER: Irv Epstein BROKER: Joshua Rosa (@JoshRosa.cre) - APEX Capital Realty (@APEXCapitalRealty) SALE PRICE: $2,350,000 SF: 9,563 ~ PPSF: $245 NOTE FROM BROKER: APEX Capital Realty is pleased to announce the successful closing of 1410 NE 163 ST, North Miami Beach. The first of three properties expected to close with the buyer servicing a larger 1031 exchange - all of which are listings or off-market opportunities seller-represented by APEX. Encumbered by a long-term tenant (occupying 73% of the RSF) paying below-market rent, Calico Investments' Hard-Day-1 contract (with contingencies) was too enticing for the seller to refuse. To meet one of the buyer's closing requirements, APEX successfully re-signed the corner Optician tenant 'Clear Vision' to a new 6 Year lease at market rate. APEX also referred the contractor responsible for quickly resealing and striping the property's surface parking lot, which cleared the untimely violation with the City of NMB. JoshRosa@ApexCapitalRealty | 954.815.5195

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Debt Service Coverage Ratio (DSCR)

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