Contact Us
How Can We Help You?

Please, leave us your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Paris Theater South Beach sold for $13 million!

Cashflow In Miami
January 31, 2021

550 Washington avenue, South Beach

Paris Theater South Beach sold for $13 million!
Miami-based Massa Investment Group, led by Mathieu Massa, bought the 25,589-square-foot building for $508 per foot.

The building sold at a sharp discount from its $23 million listing price in 2015. The Art Deco-style building was built in 1945. Under different owners, the property had been used as an adult movie house, a nightclub, and a photography and film studio .  

Theater  had a capacity to hold 1,200 patrons, and could be used for any type of event, including theatrical productions, launch parties and dances.

Massa Investment Group secured a $15.2 million loan from IberiaBank to acquire the property, records show.

Big Time Productions paid $975,000 for the building in 1992, records show.


Latest Posts

Read More

These Investors Made Great Moves

1.46-acre site at 733-745 N. Andrews Ave. can be redeveloped into a 12-story mutlifamily and was acquired for $2,5 million!!That took place in 2017 by 745 North Andrews Avenue LLC, which is managed by Bingsong Li, Xiaokai Shen, Jesse C. Pan in Parkland.

Read more
Read More

Where is that $200 million mansion in Florida?

Todd Michael Glazer and partners are after the highest ticket mansion. Glazer and Jim Randall, Scott Robins and Jonathan Fryd, acquired the home for $85 million. The 1939 built mansion will go through the renovation and will be ready invite the new owner. One of the kind island estate boasts 2.27 acre with 5 bedroom mansion and , i wonder if the helicopter pad is going to get added?

Read more
Read More

New luxury single family homes coming up west Griffin!

CC Homes purchased a home development site in Southwest Ranches for $11.5 million.

Read more
Read More

Eastern Shores has preconstruction bayfront townhomes for sale!

4098 NE 167 STREET NORTH MIAMI BEACH, FL 33160 Eastern Shores has preconstruction bayfront townhomes for sale!

Read more