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

Property Image
SOLD
$20,500,000
Luke Petherbridge
AA

Florida

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Office116,486 SF
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Property Image
SOLD

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

Office116,486 SF
Sold
Luke Petherbridge
AA
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$176
Total Square Footage:116486 SF
Transaction Type:Sale

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.

Players

AA
Ali Ahmed
3 deals$61.2M volume
BUYER
Blackstone
Blackstone
SELLER

Details

SOLD
IMAGE: Ali Ahmed, Steven Schwarzman & Luke Petherbridge DATE: 04/16/2025 ADDRESS: 17100 Northwest 59th Avenue MARKET: Miami Lakes ASSET TYPE: Office ~ ACRES: 13.3 BUYER: Ali Ahmed - Automall SELLER: Steven Schwarzman - Blackstone (@Blackstone); Luke Petherbridge - Link Logistics (@LinkLogisticsre) SALE PRICE: $20,500,000 SF: 116,486 ~ PPSF: $176 NOTE: Blackstone and its subsidiary Link Logistics sold a 116,486-square-foot office building in Miami Lakes for $20.5M to Ali Ahmed, co-owner of Miami Lakes Automall. The deal is part of Blackstone’s broader South Florida selloff, which included over $800M in industrial and multifamily assets since November.

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