Tabani Group Acquires Retail Asset At 318 Lincoln Road In Miami Beach For $18.4M

The asset involved in this transaction is a retail property located at 318 Lincoln Road in Miami Beach. The transaction was completed with a sale price of $18,400,000. The property encompasses a total square footage of 24,339, resulting in a price per square foot of $755.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,400,000
• Address: 318 Lincoln Road
• Market: Miami Beach
• Square Footage: 24,339
• Price per Square Foot: $755
• Buyer: Tabani Group
• Seller: Scott Robins Companies & Tricera Capital
• Brokers: Eric Williams, Conor Lalor, James Sharpe V & Andrei Larion - Newmark; Jared Robins - Inhouse Commercial

The transaction involved multiple brokers from Newmark, specifically Eric Williams, Conor Lalor, James Sharpe V, and Andrei Larion, who represented the buyer and seller in the deal. Jared Robins of Inhouse Commercial also played a role in the transaction, representing the seller.