The Faith Group Announces Sale Of Three-Story Office Property In North Miami Beach

The Faith Group, a family-owned real estate investment firm based in Aventura, announced the sale of International City Building I, a three-story office property located directly across from Jackson North Medical Center in North Miami Beach.

The asset sold for $6,500,000.

The entity was owned and managed by The Faith Group which maintains a diverse portfolio of commercial assets throughout the region. Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction

“It made perfect sense for the buyer to make this building their new home for their medical needs, having operated in the vicinity for many years and preparing for further expansion,” said Faith, Senior Vice President of The Faith Group. “Our group acquired this asset 10 years ago and rebuilt the entire interior to accommodate medical users seeking proximity to Jackson.”

 

“This is a strategic asset directly across Jackson North Medical Center, ideal for the buyer, a medical owner-user,” added Zylberglait, Executive Managing Director of Investments in Marcus & Millichap’s Miami office. “The asset has direct access to all major transportation corridors in the growing North Miami Beach submarket.”

Located at 150 NW 168th St., International City Building I offers 25,902 square feet of net rentable area situated on a 0.86-acre site. The building provides 85 parking spaces with a 3.3/1,000 SF parking ratio. Originally built in 1973, the property has been meticulously maintained and significantly upgraded, including more than $3 million in recent capital improvements and completion of its 40-year recertification in 2023. The asset features two elevators, covered parking, and a flexible interior layout suitable for medical, professional office, and service-oriented tenants.

The property benefits from superior connectivity, positioned near the Golden Glades Interchange with immediate access to Interstate 95, Florida’s Turnpike, State Road 441, State Road 9, and the Palmetto Expressway. Its location directly in front of Jackson North Medical Center further enhances its appeal for healthcare-related owner-users and tenants.