ALTO Real Estate Acquires Retail Property On Lincoln Road In Miami Beach For $18.9M

A retail property located at 900-904 Lincoln Road in Miami Beach has been sold for a total price of $18,900,000. The property spans across 7,142 square feet and was sold at a price per square foot of $2,646. The transaction took place on May 20, 2021, and the property has a capitalization rate of 6.3%. The buyer of the property is ALTO Real Estate, represented by Yaniv Melamud and Mody Kidon. The seller is Gombinski Properties Ltd. The deal was brokered by Sean Shahar Ziv.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,900,000
• Square Footage: 7,142
• Price per Square Foot: $2,646
• Capitalization Rate: 6.3%
• Buyer: ALTO Real Estate - Yaniv Melamud & Mody Kidon
• Seller: Gombinski Properties Ltd
• Broker: Sean Shahar Ziv

The transaction represents a successful sale of a retail property in Miami Beach. ALTO Real Estate, represented by Yaniv Melamud and Mody Kidon, acquired the property from Gombinski Properties Ltd. The deal was facilitated by broker Sean Shahar Ziv. With a total price of $18,900,000 and a square footage of 7,142, the property offers a significant investment opportunity in the bustling market of Miami Beach.