Bridgeprep Academy Leases 56,000 Square Feet At California Club Shopping Center In Miami
750 Ives Dairy Road
Building Size
56,000 SF
Asset Type
Retail
Closing
Oct 11, 2026
About this deal
AI
The transaction involves a 56,000-square-foot retail asset located at 750 Ives Dairy Road in Miami, FL. The property is part of the California Club Shopping Center, which is owned by RK Centers. The lease agreement has been finalized to support the expansion of BridgePrep Academy in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 750 Ives Dairy Road
- Market: Miami, FL
- Landlord: Raanan Katz - RK Centers
- Tenant: Bridgeprep Academy
- Brokers: Scott Goldstein & Keith Edelman - CBRE
Scott Goldstein and Keith Edelman of CBRE represented BridgePrep Academy in this transaction, helping to secure an unmarketed space pivotal for the charter school operator's growth in South Florida.
On the Map
Retail
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93