Updated Sep 2, 2026
Raanan Katz Of RK Centers Acquires Commercial Property From Jacobo Azout For $7.84M In Biscayne Park
10760 Biscayne Boulevard
$7,840,000
$1,691/SF
Building Size
4,635 SF
Asset Type
Commercial
Closing
Apr 21, 2026
About this deal
AI
A 4,635-square-foot commercial property located at 10760 Biscayne Boulevard in Biscayne Park was sold for $7.84 million. The sale price equates to approximately $1,691 per square foot.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $7,840,000
- Square Footage: 4,635
- Address: 10760 Biscayne Boulevard
- Market: Biscayne Park
- Buyer: Raanan Katz - RK Centers
- Seller: Jacobo Azout
RK Centers, led by Raanan Katz, has successfully acquired the asset from Jacobo Azout, facilitating the transaction in the competitive Biscayne Park market.
On the Map
$7,840,000
$1,691/SF
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93