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
About this deal
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.
On the Map
$20,400,000
$446/SF
Retail
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Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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