facebook
Traded Co logo
Submit

Asana Partners Acquires Retail Asset In Miami For $62.1 Million From Red Bird Associates

Property Image
SOLD
$62,100,000
Kim Flores
Danny Finkle
+ 2

Florida

See Similar Deals
Retail92,089 SF
Sold 10/01/2025
the dealplayerscompscontact
Property Image
SOLD

Asana Partners Acquires Retail Asset In Miami For $62.1 Million From Red Bird Associates

5761 Southwest 40th Street

See Similar Deals
Retail92,089 SF
Sold 10/01/2025
Kim Flores
Danny Finkle
+ 2
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$674
Total Square Footage:92,089 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 5761 Southwest 40th Street in Miami. The sale occurred for a total amount of $62,100,000, covering an area of 92,089 square feet, which results in a price per square foot of $674.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $62,100,000
  • Address: 5761 Southwest 40th Street
  • Market: Miami
  • Square Footage: 92,089
  • Price Per Square Foot: $674
  • Buyer: Asana Partners
  • Seller: Stephen Brandon, Joel Bayer & Mark A. Morgan - Red Bird Associates
  • Brokers: Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr & Jacob Wise - JLL

This transaction involved key players such as Asana Partners as the buyer, and Stephen Brandon, Joel Bayer, and Mark A. Morgan from Red Bird Associates as the sellers. The deal was facilitated by brokers Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr, and Jacob Wise, all representing the brokerage firm JLL.

Players

Danny Finkle
57 deals$3.9B volume
BROKER

Kim Flores
JLL
35 deals$3.2B volume
BROKER

Jorge Portela
JLL
23 deals$1.6B volume
BROKER

Evan Lahr
JLL
8 deals$987.4M volume
BROKER

Jacob Wise
JLL
7 deals$934.4M volume
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Jacob Wise, Evan Lahr, Jorge Portela, Kim Flores & Danny Finkle DATE: 10/01/2025 ADDRESS: 5761 Southwest 40th Street MARKET: Miami ASSET TYPE: Retail BUYER: Asana Partners (@AsanaPartners) SELLER: Stephen Brandon, Joel Bayer & Mark A. Morgan - Red Bird Associates BROKERS: Jorge Portela, Danny Finkle, Kim Flores, Evan Lahr (@EvanLahr) & Jacob Wise - JLL (@JLL) SALE PRICE: $62,100,000 SF: 92,089 ~ PPSF: $674

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$220,628.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$294,385.68
Annual Debt Service$3,532,628.18