Vivian Dimond's 230 Lincoln MB Title LLC Acquires Retail Property In Miami Beach For $30.6M
230 Lincoln Road, Miami Beach, Florida 33139, United States
$30,600,000
$504/SF
Building Size
60,657 SF
Asset Type
Retail
Closing
Apr 5, 2022
About this deal
AI
The retail property located at 230 Lincoln Road in Miami Beach has been sold. The transaction took place on 04/06/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,600,000
- Square Footage: 60,657
- Price per Square Foot: $504
- Address: 230 Lincoln Road, Miami Beach
- Market: Miami Beach
The buyer of the property is 230 Lincoln MB Title LLC, represented by Vivian Dimond from Brown Harris Stevens. The seller includes Camford Corp. represented by Simon Karam and Carib Mall Associates LLC represented by Salomon Terner.
Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93