CBRE Arranges $6M Sale of South Beach Retail Property
CBRE/Karson & Co. has arranged the sale of 226 Lincoln Road, a three-story commercial building totaling 7,762 square feet in Miami’s South Beach area. The sales price was $5.7 million.
The property is located on the east end of the Lincoln Road District, which is considered one of the most active retail corridors in the country with over 11 million visitors in 2019. There are over 8,000 hotel rooms within a five-minute walk of the property.
Adam Sklaver, Philip Kates and Kyle Hynes of CBRE, along with Arden Karson of Karson & Co. represented the undisclosed seller in the transaction. Lincoln Realty Management acquired the property in an auction.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.