Alo Yoga Acquires Retail Property At 100 Lincoln Road Miami Beach For $17.3 Million
GROUND FLOOR OF 100 Lincoln Road
$17,300,000
$622/SF
Building Size
27,789 SF
Asset Type
—
Closing
Sep 9, 2024
AI
The property involved in the transaction is a retail asset located at 100 Lincoln Road, Miami Beach. The sale price was $17,300,000, and the property has a total square footage of 13,895, which equates to approximately $1,245 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,300,000
- Address: 100 Lincoln Road (ground floor)
- Market: Miami Beach
- Buyer: Alo Yoga
- Seller: LoanCore Capital Credit REIT
- Buyer's Representative: David Abrams & Eliot Goldschmidt - Masonre
- Seller's Representative: Michael Comras & Michael Grinfeld - Comras Company
- Square Footage: 13,895
- Price per Square Foot: $1,245
The transaction involved key representatives from both the buyer and seller sides. David Abrams and Eliot Goldschmidt represented Alo Yoga, while Michael Comras and Michael Grinfeld acted on behalf of LoanCore Capital Credit REIT. This collaboration signifies the alignment of interests between the buyer and seller in finalizing this retail property deal.
Players
Hawthorne CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93