facebook
Traded Co logo
Submit

First Financial Capital Acquires Miramar Retail Property For $28.8M With Michael Saei As Buyer's Rep And Crow Holdings As Seller

Property Image
SOLD
$28,800,000

Florida

See Similar Deals
Retail7 SF
Sold 12/20/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail7 SF
Sold 12/20/2022
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$4,114,285
Total Square Footage:7 SF
Transaction Type:Sale

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.

Players

MS
3 deals$48.1M volume
BUYER

Details

SOLD
IMAGE: Michael Levy & Michael Saei DATE: 12/20/2022 ADDRESS: 16961 Miramar Parkway MARKET: Miramar ASSET TYPE: Retail ~ ACRES: 1.9 BUYER: First Financial Capital - Michael Saei (@MichaelSaei) SELLER: Crow Holdings - Michael Levy LENDER: Bank of Hope SALE PRICE: $28,800,000 SF: 7,000 ~ PPSF: $4,114

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,536,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$102,320.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$136,526.69
Annual Debt Service$1,638,320.32