Turnberry Associates Obtains $55M Loan For Mixed-use Property In Miami Beach

1698 Alton Rd, a mixed-use property with a total square footage of 185,388, located in Miami Beach's South Beach, has recently undergone a closed transaction. The deal involved multiple parties, including the landlord Turnberry Associates - Rock Soffer, Elion Partners & Privee Capital, and the lender Ladder Capital.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $55,000,000
• Market: Miami Beach, South Beach
• Address: 1698 Alton Rd
• Square Footage: 185,388

Dustin Stolly, Jordan Roeschlaub, Nick Scribani & Chris Kramer from Newmark represented the landlord and acted as brokers in the deal.