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The Davis Companies Jamestown And Falcone Group Acquire Retail Asset From CIM Group For $210M

Property Image
SOLD
$210,000,000
Adam Spies
Conor Lalor
+ 2

Florida

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Retail273,000 SF
Sold
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Property Image
SOLD

The Davis Companies Jamestown And Falcone Group Acquire Retail Asset From CIM Group For $210M

100 Northeast 8th Street

See Similar Deals
Retail273,000 SF
Sold
Adam Spies
Conor Lalor
+ 2
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$769
Total Square Footage:273000 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 100 Northeast 8th Street in the Miami market. The sale was completed at a price of $210,000,000, covering a total square footage of 273,000, resulting in a price per square foot of $769.

Summary of transaction details:

The buyers, comprising The Davis Companies, Jamestown, and Falcone Group, engaged in this transaction with the seller, CIM Group, with representation from brokers affiliated with Newmark. The deal reflects coordinated efforts among multiple key players in the transaction process.

Players

Adam Spies
256 deals$71.4B volume(212) 841-7500
BROKER

Eric Williams
Newmark
52 deals$2.8B volume
BROKER

Conor Lalor
Newmark
9 deals$1.4B volume(404) 956-3295
BROKER

Andrei Larion
Newmark
1 deal$210M volume(954) 558-8062
BROKER

James Sharpe V
Newmark
1 deal$210M volume(214) 538-6444
BROKER

Jamestown
BUYER


CIM Group
SELLER

Details

SOLD
IMAGE: Adam Spies, James Sharpe V, Eric Williams, Andrei Larion & Conor Lalor DATE: 04/01/2026 ADDRESS: 100 Northeast 8th Street MARKET: Miami ASSET TYPE: Retail BUYER: The Davis Companies (@TheDavisCos), Jamestown (@Jamestown.LP) & Falcone Group SELLER: CIM Group BROKERS: Eric Williams, Conor Lalor, Adam Spies, Andrei Larion & James Sharpe V - Newmark (@Newmark) SALE PRICE: $210,000,000 SF: 273,000 ~ PPSF: $769

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$11,200,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$746,085.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$995,507.14
Annual Debt Service$11,946,085.64