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Miami Beach Office Building Fetches $82 Million

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Los Angeles-based Black Lion and Miami-based Massa Investment Group said they have an eight-story office building under contract for $82 million.

NG 1601 Washington Ave. LLC, an affiliate of New York-based Nightingale Group, has agreed to sell Lincoln Place at 1601 Washington Ave. Located on a ground lease with the city of Miami Beach, the building has about 110,00 square feet of office, 30,000 square feet of ground-floor retail space and a 499-space parking garage.

The building last traded for $80 million in 2016


Source:  SFBJ

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