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605 Lincoln Road, Miami Bea...

Blink Charging Company Acquires Miami Beach Office Condo For $4M
SOLDMixed-use

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

Michael Farkas

Buyer

$12.8M

vol

2 deals

Buyer

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