Rare South Beach Office Opportunity Should Draw Investor Competition

Alex Zylberglait

MIAMI—In a rare South Beach opportunity, the entire fifth floor of the former Sony building on Lincoln Road is up for grabs. Marcus & Millichap investment broker Alex Zylberglait just listed over 10,000 rentable square at 605 Lincoln Road at $5.475 million. (Recently, South Beach saw an office building trade for $80 million).

Compass and Starbucks are among the building’s existing tenants. In 2005, owners renovated the fifth floor, which is full built-out with views of both Lincoln Road and Pennsylvania Avenue. The office property has undergone significant upgrades including impact windows, upgraded lighting and modernized systems.