The Real Deal Miami

North Miami Beach strip club site changes hands

Aventura company pays $16.5 million for more than two acres

September 22, 2014 10:30AM

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Dean's Gold Club

Dean’s Gold Club

The site of a North Miami Beach strip club changed hands for $16.5 million.

An Aventura company acquired the Dean’s Gold Club property at 2355 Northeast 163rd Street and an adjacent parcel at 16301 Biscayne Boulevard in a transaction recorded last Wednesday, according to Miami-Dade County records. The company, which is managed by Gary Crouch, picks up more than two acres in a city that is mulling significant zoning changes to accommodate taller buildings.

The buyer, 276 163rd L.P., received a $10 million loan from West Texas National Bank for the purchase. The mortgage matures in September 2016.

Mach Realty of Atlantic Beach, N.Y. is the seller. It paid $17.5 million for the properties in September 2005. — Eric Kalis

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