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
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