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| North Miami Beach Ale House, 3227 NE 163rd Street North Miami Beach, FL |
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| Adam J. Tiktin |
NORTH MIAMI BEACH, FL, July 16, 2013 – Marcus &
Millichap Real Estate Investment Services, the nation’s largest real estate
investment services firm, has announced the sale of North Miami Beach Ale
House, an 8,999 square-foot net-leased restaurant located in North Miami
Beach, FL. The asset sold for $4,350,000.
Adam J. Tiktin, a Vice President Investments, and Michael
Biama, an Associate, both from Marcus & Millichap’s Miami office, had
the exclusive listing to market the property on behalf of the seller, a private
investor from Boca Raton. The buyer, a
private investor from Aventura, was also secured and represented by Tiktin and
Biama.
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| Michael Biama |
“North Miami Beach Ale House has been at the site for 14
years. The triple-net lease has approximately 12 years remaining and provides
two additional five-year options,” says Tiktin.
The property has great visibility and frontage along 163rd
Street and is located half-way between Biscayne Boulevard and Collins Avenue.
National retailers in the surrounding area include: Outback Steakhouse, Dunkin'
Donuts, Dollar Tree, Winn-Dixie, T.J. Maxx, and Old Navy among others.
For a complete copy of the company’s news release, please
contact:
Kirk A. Felici
First Vice President
Regional Manager
Miami, FL
(786) 522-7000
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