RK Centers Acquires Retail Property In North Miami For $32.5 Million From EDENS
14750 Biscayne Boulevard
$32,500,000
$875/SF
Building Size
37,135 SF
Asset Type
Retail
Closing
Oct 29, 2026
About this deal
AI
The property asset involved in this transaction is located at 14750 Biscayne Boulevard in North Miami. It is classified as a retail asset, encompassing a total square footage of 37,135. The sale price for this property was set at $32,500,000, which represents a price per square foot of $875.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,500,000
- Address: 14750 Biscayne Boulevard
- Market: North Miami
- Square Footage: 37,135
- Price per Square Foot: $875
- Buyer: RK Centers
- Seller: EDENS
- Brokers: Danny Finkle, Jorge Portela, Kim Flores, Jacob Wise & Evan Lahr - JLL
- Date of Sale: 10/29/2026
This transaction involved RK Centers as the buyer and EDENS as the seller. The deal was facilitated by JLL, represented by brokers Danny Finkle, Jorge Portela, Kim Flores, Jacob Wise, and Evan Lahr, who played a pivotal role in bringing the parties together for this retail asset transaction.
On the Map
$32,500,000
$875/SF
Retail
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Players
North 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93