Office 163 is a 57,000 sq ft office building located on 163rd St just passed the drawbridge. Afin Developer Group took both an ownership and development role in the project, which was completed in 2006. The individual units within the building were then sold as office condos from 2006-2011 for total proceeds of $18,000,000.
Location: 3363 NE 163rd St, North Miami Beach, FL Property Type: Office Building (Corporate Offices) Units/RSF: 57,000 Rentable Square Feet New Development Development Summary: New Development 100 % Sold as condo offices. (2006) Role: Developer Investment Strategy: Sell individual units as condo office Website: www.office163.com
OFFICE 163 | SOLD – OFFICE CONDO
Location: 3363 NE 163rd St, North Miami Beach, FL
Property Type: Office – Condo
Units/RSF: 57,000 RSF
Project Type: New Development
Role: Developer, Owner, Leasing Manager on behalf of owners, President of Condo Association Board
Investment Strategy:
Develop, Sold Out condo office
Project Summary:
Completed in
Managed leasing for 15,000 RSF for various owners
Largest Tenant: Starwood Latin America – 6,000 SF
Sold as condo offices from 2006-2011 – for total proceeds of $18,000,000
