facebook
Traded Co logo
Submit

Sterling Organization And NADG Secure $63 Million Refinance Loan From Blackstone For Retail Asset In Miami

Property Image
FINANCED
$63,000,000

Florida

See Similar Deals
Retail666,238 SF
Financed 01/08/2025
the dealplayerscompscontact
Property Image
FINANCED

Sterling Organization And NADG Secure $63 Million Refinance Loan From Blackstone For Retail Asset In Miami

7795 West Flagler Street

See Similar Deals
Retail666,238 SF
Financed 01/08/2025
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$94
Total Square Footage:666,238 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located at 7795 West Flagler Street in Miami. The property has a total square footage of 666,238 and is part of the retail market. The loan amount associated with this property is $63,000,000, and it is categorized as a refinance loan.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $63,000,000
  • Address: 7795 West Flagler Street
  • Market: Miami
  • Asset Size: 666,238 SF
  • Lender: Blackstone
  • Landlord: Sterling Organization, NADG
  • Brokers: Chris Drew, Michael DiCosimo & Shane Ciacci - JLL
  • Loan Type: Refinance

The transaction features key individuals and organizations involved in the loan process. Blackstone acted as the lender, while Sterling Organization and NADG served as the landlords for the retail property. The brokerage services for the deal were provided by Chris Drew, Michael DiCosimo, and Shane Ciacci, representing JLL, who facilitated the refinancing of the property.

Players

Michael DiCosimo
37 deals$1.6B volume(267) 418-2323
BROKER

Christopher (Chris) Drew
JLL
48 deals$4.7B volume(305) 421-6551
BROKER

Shane Ciacci
JLL
10 deals$920.8M volume
BROKER

Blackstone
LENDER

Details

FINANCED
IMAGE: Michael DiCosimo, Chris Drew & Shane Ciacci DATE: 01/28/2025 ADDRESS: 7795 West Flagler Street MARKET: Miami ASSET TYPE: Retail ~ SF: 666,238 LENDER: Blackstone (@Blackstone) LANDLORD: Sterling Organization, NADG BROKERS: Chris Drew, Michael DiCosimo & Shane Ciacci - JLL (@JLL) LOAN AMOUNT: $63,000,000 LOAN TYPE: Refinance

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$63,000,000.00

Monthly NOI$420,000.00
Monthly Debt Service$398,202.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00