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Raanan Katz Of RK Centers Acquires Retail Property From Bill Huffman Of Nuveen For $16.41M

Property Image
SOLD
$164,100,000
Raanan Katz
William (Bill) Huffman

Florida

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Retail64,020 SF
Sold 04/24/2025
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Property Image
SOLD

Raanan Katz Of RK Centers Acquires Retail Property From Bill Huffman Of Nuveen For $16.41M

14375 Miramar Parkway

See Similar Deals
Retail64,020 SF
Sold 04/24/2025
Raanan Katz
William (Bill) Huffman
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,563
Total Square Footage:64,020 SF
Transaction Type:Sale

A retail property located at 14303-14375 Miramar Parkway in Miramar was acquired for $16,410,000. The asset spans 64,020 square feet and is situated on 8.02 acres. The property was constructed in 1999 and is anchored by Publix, with a price per square foot calculated at approximately $2,563.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $16,410,000
  • Square Footage: 64,020
  • Address: 14303-14375 Miramar Parkway
  • Market: Miramar
  • Acres: 8.02
  • Buyer: Raanan Katz - RK Centers
  • Seller: Bill Huffman - Nuveen

Raanan Katz, through RK Centers, facilitated the purchase of the retail property from Bill Huffman, representing Nuveen. This transaction highlights the ongoing activity within the retail sector in the Miramar market.

Players

Raanan Katz
RK Centers
Raanan Katz
18 deals$641.7M volume
BUYER
William (Bill) Huffman
Nuveen
William Huffman
24 deals$2B volume
SELLER

Details

SOLD
IMAGE: Bill Huffman & Raanan Katz DATE: 04/24/2025 ADDRESS: 14303-14375 Miramar Parkway MARKET: Miramar ASSET TYPE: Retail ~ ACRES: 8.02 BUYER: Raanan Katz - RK Centers (@RKCenters) SELLER: Bill Huffman - Nuveen (@Nuveeninv) SALE PRICE: $16,410,000 SF: 64,020 ~ PPSF: $2,563 NOTE: RK Centers, led by Raanan Katz, acquired a 64,020 SF retail property at 14303-14375 Miramar Pkwy in Hollywood from Nuveen for $16.41M. The neighborhood shopping center, built in 1999 and anchored by Publix, sits on 8.02 acres zoned B2.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$583,012.63
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