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17051 Miramar Parkway, Mira...

RK Centers Acquires Miramar Retail Property For $15.68M From Phillips Edison & Co
SOLDRetail

RK Centers Acquires Miramar Retail Property For $15.68M From Phillips Edison & Co

17051 Miramar Parkway, Miramar, FL, USA

$15,680,000

$217/SF

Building Size

72,258 SF

Asset Type

Retail

Closing

Sep 17, 2021

AI

The retail property located at 17051 Miramar Parkway in Miramar has been sold in a recent transaction. The property spans an area of 9.33 acres and was valued at $1,680,600 per acre. The sale was facilitated by Dennis Carson of CBRE.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $15,680,000
  • Address: 17051 Miramar Parkway, Miramar
  • Market: Miramar
  • Acres: 9.33
  • Price per Acre: $1,680,600

The buyer in this transaction is RK Centers, represented by Andrew Zidar. The seller is Phillips Edison & Co. The property spans a total square footage of 72,258, with a price per square foot of $217.

Players

Dennis Carson

CBRE

Broker

$419.3M

vol

14 deals

Broker
RK Centers
RK CentersBrokerage
Andrew Zidar

Andrew Zidar

RK Centers

Buyer

$150.6M

vol

6 deals

Buyer

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

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93