AC | Element Brickell - Retail
115 Southwest 8th Street, Miami, FL, 33130
2.096 m²
Objektbeschreibung
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 551 Lincoln Road-Lincoln Theatre, a globally architecturally significant property located at the intersection of Lincoln Road and Pennsylvania Avenue along one of the most dynamic and well known retail districts in the nation. The Property was designed in 1935 by famed cinema architect Thomas Lamb in the classic art-deco style that signifies Miami Beach. Formerly home to the New World Symphony orchestral Academy, 551 Lincoln was completely reimagined by current ownership in 2012, transforming this cultural landmark into one of Miami’s most recognized retail projects. The property totals 35,240 square feet that is currently 98.7% leased to a diverse tenant roster led by H&M, Swatch, Chilli Beans, and Tapelia Spanish Cuisine
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Eigenschaften
Gebäudefläche netto
3.274 m²
Vermietungsstand
98,7 %
Baujahr
1935
Grundstücksfläche netto
0,15 Hektar
WAULT / DRMV
2.9 Jahre
Medien
Investment-Highlights
- LANDMARK ASSET ALONG COVETED LINCOLN ROAD
- NATIONALLY SIGNIFICANT TENANCY
- DOMINANT GLOBAL FASHION ANCHOR
- STRONG NOI GROWTH PROFILE
- LINCOLN ROAD RENAISSANCE
- BELOW REPLACEMENT COST
- LINCOLN ROAD IS MIAMI’S MOST HEAVILY TRAFFICKED RETAIL DISTRICT
- TRANSFORMATIVE DEVELOPMENT IN THE IMMEDIATE VICINITY + GAME-CHANGING CONVENTION CENTER HOTEL
- SURGE IN WEALTH MIGRATION WITH $4 BILLION IN SURROUNDING NEW LUXURY RESIDENTIAL DEVELOPMENT
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Lincoln Theatre (0 Objekte)
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Zuletzt aktualisiert
13. März 2025
