930-940 Lincoln Road, Miami Beach, Fl 33139
930-940 Lincoln Road, Miami Beach, Fl 33139
$27,375,000
$752/SF
Building Size
36,377 SF
Asset Type
Mixed-use
Closing
Oct 8, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 930-940 Lincoln Road, Miami Beach, covering a total square footage of 36,377. The loan amount secured for this acquisition is $27,375,000, with loan terms structured for 2 years, including two 12-month extension options.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $27,375,000
- Address: 930-940 Lincoln Road
- Market: Miami Beach
- Lender: BridgeInvest
- Borrower: Babba Joshua Yesharim
- Brokers: Steven Sperandio, Ernesto Sanchez & Sam Selig - Cushman & Wakefield
- Loan Type: Acquisition
- Loan Terms: 2 Years + (2) 12-Month Extension Options
The financing was arranged by Cushman & Wakefield’s Miami-based EDSF team, representing the borrower, Babba Yesharim. The loan provided by BridgeInvest is non-recourse and secured against the building and additional unencumbered land owned by the borrower. Sperandio emphasized the personal significance of this purchase for the buyer, highlighting the property's location as a critical factor for revitalization efforts on Lincoln Road.
On the Map
$27,375,000
$752/SF
Mixed-use
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Players
Miami Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93