Michael Simkins And Jason Shein Acquire Retail Property In Miami Beach For $8M

The retail property located at 631 Lincoln Road in Miami Beach has been sold for $8,000,000. The asset encompasses a total area of 6,300 square feet, resulting in a price per square foot of $1,269.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,000,000
• Address: 631 Lincoln Road
• Market: Miami Beach
• Square Footage: 6,300
• Price per Square Foot: $1,269
• Buyer: Michael Simkins & Jason Shein
• Brokers: Jordan Gimelstein & David Spitz - Inhouse Commercial
• Lender: Lee Schwartz - Sheridan Funds

This transaction marks the second sale on the road in the last six months for Inhouse Commercial Sales. They have additional opportunities available on Lincoln Road along with other deals throughout Miami Beach and Miami.