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Yoram Izhak Of IMC Equity Group Purchases Mixed-Use Property From Masoud Shojaee For $80.9M

Property Image
SOLD
$80,900,000
Yoram Izhak
Masoud Shojaee

Florida

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Mixed-use451,817 SF
Sold 03/18/2025
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Property Image
SOLD

Yoram Izhak Of IMC Equity Group Purchases Mixed-Use Property From Masoud Shojaee For $80.9M

429 Northwest 54th Street

See Similar Deals
Mixed-use451,817 SF
Sold 03/18/2025
Yoram Izhak
Masoud Shojaee
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$179
Total Square Footage:451,817 SF
Transaction Type:Sale

This mixed-use property, located at 429 Northwest 54th Street in Hialeah, was sold for $80,900,000.00. The asset comprises 304 units with a total square footage of 451,817.0.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $80,900,000.00
  • Buyer: Yoram Izhak - IMC Equity Group
  • Seller: Masoud Shojaee - Shoma Group
  • Units: 304
  • Square Footage: 451,817.0
  • Date of Transaction: 03/18/2025
  • Market: Hialeah

Yoram Izhak represents IMC Equity Group in this transaction, while Masoud Shojaee represents Shoma Group. Both individuals played key roles in facilitating the sale of the property.

Players

Yoram Izhak
Yoram Izhak
18 deals$433.3M volume
BUYER
Masoud Shojaee
Masoud Shojaee
10 deals$424.1M volume
SELLER
SG
Shoma Group
SELLER

Details

SOLD
IMAGE: Masoud Shojaee, Stephanie Shojaee & Yoram Izhak DATE: 03/18/2025 ADDRESS: 429 Hialeah Drive MARKET: Hialeah ASSET TYPE: Mixed-use BUYER: Yoram Izhak - IMC Equity Group (@IMCEquityGroup) SELLER: Masoud Shojaee (@MrMasoudShojaee) & Stephanie Shojaee (@StephShojaee) - Shoma Group (@ShomaGroup) SALE PRICE: $80,900,000 UNITS: 304 ~ PPU: $266,118 SF: 451,817 ~ PPSF: $179 NOTE: IMC Equity Group acquired Shoma Village Apartments in Hialeah for $80.9M, assuming a $65.02M HUD loan from developer Shoma Group. The 451,817-square-foot mixed-use property, completed in 2022, includes 304 apartments, a seven-story parking garage, and 8,076 square feet of retail.

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