Blink Charging Company Acquires Miami Beach Office Condo For $4M
605 Lincoln Road, Miami Beach, FL, USA
$4,000,000
$400/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Feb 2, 2021
AI
605 Lincoln Road Units 500, 510, 520, 530, 540, 550 & 560 in Miami Beach has been sold in a recent transaction. The office condo, measuring approximately 10,000 square feet, was sold for $4,000,000 at a price per square foot of $400. The sale took place on February 3, 2021.
Summary of transaction details:
- Property Type: Office Condo
- Transaction Amount: $4,000,000
- Address: 605 Lincoln Road Units 500, 510, 520, 530, 540, 550 & 560, Miami Beach
- Market: Miami Beach
The buyer in this transaction was Blink Charging Company, represented by Michael Farkas. The seller was Lionstone, represented by Diego Lowenstein. The deal was facilitated by The Mendel Fellig Group from Compass.
Players
Miami Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93