Alo Yoga Acquires Retail Property For $22M in Miami

The Miami Design District retail building at 101 Northeast 40th Street has been sold for $22 million. The buyer, Alo Yoga, was represented by Danny Harris. The seller, ASG Equities, was represented by Raymond Gindi. The property, which spans 4,957 square feet, is located in the market of Miami. The sale price equates to approximately $4,438 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $22,000,000
• Address: 101 Northeast 40th Street
• Market: Miami
• Buyer: Alo Yoga - Danny Harris
• Seller: ASG Equities - Raymond Gindi
• Square Footage: 4,957
• Price Per Square Foot: $4,438

The Miami Design District retail building, now owned by Alo Yoga, was sold to 101 NE 40th Street LLC, an entity connected to Alo Yoga's Beverly Hills address. It is worth noting that the property's value has significantly increased since its previous purchase in 2013, when it was acquired for $10.5 million.