First Financial Capital Acquires Miramar Retail Property For $28.8M With Michael Saei As Buyer's Rep And Crow Holdings As Seller
16961 Miramar Parkway, Miramar, Florida 33027, United States
$28,800,000
$4,114,285/SF
Building Size
7 SF
Asset Type
Retail
Closing
Dec 20, 2022
About this deal
AI
First Financial Capital has acquired a retail property located at 16961 Miramar Parkway in Miramar. The property spans 1.9 acres and was sold for a total of $28,800,000. The transaction took place on December 20, 2022, and the property comprises 7,000 square feet, resulting in a price per square foot of $4,114.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $28,800,000
- Address: 16961 Miramar Parkway, Miramar
- Market: Miramar
- Buyer: First Financial Capital - Michael Saei
- Seller: Crow Holdings - Michael Levy
- Lender: Bank of Hope
- Acres: 1.9
- Square Footage: 7,000
- Price per Square Foot: $4,114
The buyer in this transaction, First Financial Capital, was represented by Michael Saei. On the other side, the seller, Crow Holdings, was represented by Michael Levy. The financing for the deal was provided by Bank of Hope.
On the Map
$28,800,000
$4,114,285/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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93