230 Lincoln Rd - Retail FOR SALE
Miami Beach, FL 33139 |
230 Lincoln Rd
Miami Beach, FL 33139
HIGHLIGHTS
- 230 Lincoln Road is a high-street retail located on the eastern edge of Lincoln Road between Washington and Collins Avenues in South Beach.
- Designed by world-renowned Revuelta Architects and completely redeveloped in 2017.
- Value-add opportunity through strategic lease-up of over ±40% of the building, along with NOI growth through built-in rental escalations with Ross.
- Anchored by Ross Dress for Less with 6+ years remaining on the initial term and four additional five-year options and escalations.
- Nearby developments include the recent $620 million renovation/expansion of the Miami Beach Convention Center and $67 million Lincoln Road corridor.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
230 Lincoln Road – Ross Anchored Trophy Asset
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Storefront Retail/Office, Storefront Retail/Residential, Department Store
TOTAL BUILDING SIZE
60657
STORIES
4
YEAR BUILT
2017
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
02-3234-019-0860
