Kuzmanic Family Trust Acquires Retail Property In Miami From William H. Stern For $4.5M
15055 Northwest 7th Avenue
$4,500,000
$585/SF
Building Size
7,688 SF
Asset Type
Retail
Closing
Aug 6, 2026
About this deal
AI
A retail property located at 15055 Northwest 7th Avenue in Miami has been sold for $4,500,000. This asset encompasses a total area of 7,688 square feet, resulting in a price per square foot of approximately $585.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 7,688
- Sale Price per Square Foot: $585
- Buyer: Kuzmanic Family Trust - Kirk Peter Kuzmanic & Jill Marie Kuzmanic as trustees
- Seller: William H. Stern
- Market: Miami
- Sale Date: 08/06/2026
The transaction was facilitated by the Kuzmanic Family Trust, represented by trustees Kirk Peter Kuzmanic and Jill Marie Kuzmanic, as they acquired the retail property from seller William H. Stern.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93