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10760 NW 17th St, Miami, FL...

RK Centers Acquires Retail Property In Miami For $20.4M
SOLDRetail

RK Centers Acquires Retail Property In Miami For $20.4M

10760 NW 17th St, Miami, FL 33172, USA

$20,400,000

$446/SF

Building Size

45,675 SF

Asset Type

Retail

Closing

Sep 26, 2020

AI

The retail property located at 10760 NW 17th Street in Miami was sold on September 27, 2020. The property spans 45,675 square feet and was sold for a total price of $20,400,000, resulting in a price per square foot of $447. The buyer in this transaction was RK Centers, represented by Andrew Zidar. The seller of the property was Shops at 107th LLC. The deal was facilitated by Roberto Susi and Jose Sasson Lerner of Axiom Capital Advisors.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $20,400,000
  • Address: 10760 NW 17th Street
  • Market: Miami
  • Square Footage: 45,675
  • Price per Square Foot: $447
  • Buyer: RK Centers – Andrew Zidar
  • Seller: Shops at 107th LLC
  • Brokers: Roberto Susi & Jose Sasson Lerner – Axiom Capital Advisors

Roberto Susi and Jose Sasson Lerner of Axiom Capital Advisors played a crucial role in representing both the buyer, RK Centers, and the seller, Shops at 107th LLC, in this retail property transaction. Their expertise and experience in the Miami market contributed to the successful completion of the deal.

Players

Roberto Susi

AXIOM Capital Advisors

Broker

$932.6M

vol

73 deals

Broker
RK Centers
RK CentersBrokerage
Andrew Zidar

Andrew Zidar

RK Centers

Buyer

$150.6M

vol

6 deals

Buyer

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93