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18496 Northwest 67th Avenue

Jamestown Secures $57.5 Million Loan From Synovus Bank For Retail Centers In South Florida
FINANCEDRetail

Jamestown Secures $57.5 Million Loan From Synovus Bank For Retail Centers In South Florida

18496 Northwest 67th Avenue & 8129 8315 North Pine Island Road

$57,500,000

$121/SF

Building Size

472,042 SF

Asset Type

Retail

Closing

Oct 10, 2025

AI

The transaction involves two Publix-anchored shopping centers located at 18496 Northwest 67th Avenue in Miami Gardens and 8129-8315 North Pine Island Road in Tamarac. The total asset type is retail, comprising 236,021 square feet of space, with a loan amount of $57,500,000 secured for financing.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $57,500,000
  • Address: 18496 Northwest 67th Avenue, Miami Gardens; 8129-8315 North Pine Island Road, Tamarac
  • Market: Miami Gardens & Tamarac
  • Lender: Synovus Bank
  • Landlord: Matt Bronfman - Jamestown
  • Brokers: Matthew Casey, Paul Adams, Hunter Rich & Aaliyah St. Louis - JLL

Jamestown arranged the financing for the properties through JLL Capital Markets, indicating the involvement of multiple key individuals in securing the funding for these shopping centers.

Players

Matthew Casey

JLL

Broker

$458.5M

vol

5 deals

Broker
Synovus Bank
Synovus BankLender
Matt Bronfman

Matt Bronfman

Jamestown

Landlord

$495.5M

vol

12 deals

Landlord

Hialeah Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93