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14375 Miramar Parkway

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

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

14375 Miramar Parkway

$164,100,000

$2,563/SF

Building Size

64,020 SF

Asset Type

Retail

Closing

Apr 24, 2025

AI

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

Buyer

$643.5M

vol

20 deals

Buyer
William (Bill) Huffman

William Huffman

Nuveen

Seller

$2B

vol

25 deals

Seller

Miramar 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93