Seth Bell's Lincoln Realty Management Acquires Retail Property In Miami Beach For $5.8M

226 Lincoln Rd, a retail property located in Miami Beach, has been sold for $5,775,000. The asset spans across 7,762 square feet, resulting in a price per square foot of $744. The transaction took place on July 27, 2021.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,775,000
• Address: 226 Lincoln Rd
• Market: Miami Beach

The buyer of 226 Lincoln Rd is Seth Bell, representing Lincoln Realty Management LLC. Herbert Bookstein is the seller of the property.

The brokers involved in the deal are Adam Sklaver, Philip Kates, and Kyle Hynes from CBRE Auction Group, as well as Arden Karson from Karson & Co.

Note: CBRE's Auction Group will be auctioning the Ross Anchored Building adjacent to 226 Lincoln Rd on August 9-11. The property is currently 59% occupied, and the starting bid is set at $12,500,000.

For more information on the auction, interested parties can visit http://RIMarketplace.com/230Lincoln.

For further details, interested individuals can contact Adam Sklaver at [email protected] or Kyle Hynes at [email protected].