Two New York investors paid $33 million for a retail location on Lincoln Road mall that last sold for $600,000 in 1989.
January 14, 2014 at 10:41 PM
1 minute read
It’s not an average day when real estate investors candidly admit overpaying for a newly purchased piece of prime Miami Beach property.
That’s what happened Tuesday when two New York investors announced they paid $33 million—an eye-watering $3,300 per square foot—for a retail location on Lincoln Road mall.
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