AC | Element Brickell - Retail
115 Southwest 8th Street, Miami, FL, 33130
2.096 vierkante meter
Objectomschrijving
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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Kenmerken
Netto gebouwoppervlakte
3.274 vierkante meter
Bezettingspercentage
98,7%
Bouwjaar
1935
Netto landoppervlakte
0,15 ha
WAULT
2.9 jaren
Media
Investeringskenmerken
- 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
Contact adviseurs
Lincoln Theatre (0 Eigendommen)
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Laatst bijgewerkt
13 mrt 2025
