Ali Ahmed Of Automall Acquires 116486 SF Office Building In Miami Lakes For $20.5M

A 13.3-acre office building located at 17100 Northwest 59th Avenue in Miami Lakes was purchased by Ali Ahmed, co-owner of Miami Lakes Automall. The transaction was finalized for a price of $20,500,000, which equates to $176 per square foot. The property features a total square footage of 116,486 and is part of the South Florida real estate market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,500,000
• Square Footage: 116,486
• Price Per Square Foot: $176
• Address: 17100 Northwest 59th Avenue
• Market: Miami Lakes
• Buyer: Ali Ahmed - Automall
• Seller: Steven Schwarzman - Blackstone
• Seller: Luke Petherbridge - Link Logistics

The sale is part of a larger divestment strategy led by Blackstone, which has also sold over $800 million in industrial and multifamily assets since November. This sale represents a significant transaction within the context of Blackstone’s activities in the South Florida region.