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
About this deal
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.
On the Map
$164,100,000
$2,563/SF
Retail
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Players
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