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318-334 Lincoln Road
SOLD

Ben Mandell Acquires Distressed Retail Building On Miami's Lincoln Road For $13.6M

318-334 Lincoln Road

Retail
48,000 SF
clock iconSold 32 days ago
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Summary

Sale
FLORIDA
Retail
48,000 sqft

Aby Rosen's distressed retail building on Miami Beach’s Lincoln Road is under contract to sell for $13.6 million to Ben Mandell’s Tricera Capital. The property spans 24,000 square feet and is priced at $567 per square foot. The address of the asset is 318-334 Lincoln Road in Miami Beach.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,600,000
  • Market: Miami Beach
  • SF: 24,000
  • PPSF: $567
  • Buyer: Ben Mandell - Tricera Capital
  • Seller: Aby Rosen - RFR Realty
  • Broker: Eric Williams - JLL

Following a foreclosure suit filed against Aby Rosen's entity by Wilmington Trust, Tricera Capital led by Ben Mandell, along with undisclosed partners, has stepped in as the contract buyer for the distressed retail building on Lincoln Road. This transaction potentially resolves Rosen's debt issues related to the property.

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Eric Williams's profile picture
Eric Williams
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Senior Director
$1.8B Sold

Details

Deal Summary
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SOLD
IMAGE: CONTRACT IMAGE: Aby Rosen, Ben Mandell & Eric Williams DATE: 06/11/2024 ADDRESS: 318-334 Lincoln Road MARKET: Miami Beach ASSET TYPE: Retail ~ ACRES: 0.4 BUYER: Ben Mandell - Tricera Capital (@TriceraCapital) SELLER: Aby Rosen - RFR Realty (@RFRRealty) BROKER: Eric Williams - JLL (@JLL) SALE PRICE: $13,600,000 SF: 24,000 ~ PPSF: $567 NOTE: Aby Rosen's distressed retail building on Miami Beach’s Lincoln Road is under contract to sell for $13.6 million to Ben Mandell’s Tricera Capital, potentially resolving Rosen's debt issues on the property. Tricera, alongside undisclosed partners, has stepped in as the contract buyer for the building, a move following a foreclosure suit earlier filed against Rosen's entity by Wilmington Trust.

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Address318-334 Lincoln Road

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