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Comras Company Acquires Retail Asset In Miami Beach From Morgan Stanley & Terranova Corp For $130.8M

Property Image
SOLD
$130,800,000
Kim Flores
Danny Finkle
+ 3

Florida

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Retail128,376 SF
Sold 11/18/2025
the dealplayerscompscontact
Property Image
SOLD

Comras Company Acquires Retail Asset In Miami Beach From Morgan Stanley & Terranova Corp For $130.8M

600 Lincoln Road

See Similar Deals
Retail128,376 SF
Sold 11/18/2025
Kim Flores
Danny Finkle
+ 3
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,018
Total Square Footage:128,376 SF
Transaction Type:Sale

The retail asset involved in the transaction is located at 600, 719-741, 801 Lincoln Road & 723 Lincoln Lane in the Miami Beach market. The sale price was $130,800,000, with a total square footage of 128,376, resulting in a price per square foot of $1,018.

Summary of transaction details:

The transaction was facilitated by a team of brokers from JLL, which included Danny Finkle, Jorge Portela, Jose Cruz, Kim Flores, Evan Lahr, and Jacob Wise. These individuals played a critical role in bringing together the buyer, Comras Company, and the sellers, Morgan Stanley and Terranova Corp., completing the retail asset deal successfully.

Players

Danny Finkle
57 deals$3.9B volume
BROKER

Jose Cruz
JLL
102 deals$7.9B volume(201) 240-7546
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 & Jose Cruz DATE: 11/18/2025 ADDRESS: 600, 719-741, 801 Lincoln Road & 723 Lincoln Lane MARKET: Miami Beach ASSET TYPE: Retail BUYER: Comras Company (@ComrasCompany) SELLER: Morgan Stanley (@Morgan.Stanley) & Terranova Corp. BROKERS: Danny Finkle, Jorge Portela, Jose Cruz, Kim Flores, Evan Lahr (@EvanLahr) & Jacob Wise - JLL (@JLL) SALE PRICE: $130,800,000 SF: 128,376 ~ PPSF: $1,018

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,976,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$464,704.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$620,058.73
Annual Debt Service$7,440,704.77