Aaron M. Sacks Purchases Retail Property In Miami From Gil West Of Hertz Corp For $9M
2751 Northwest 39th Avenue
$9,000,000
$3,073/SF
Building Size
2,928 SF
Asset Type
Retail
Closing
Jun 22, 2026
AI
Aaron M. Sacks has purchased a 2,928-square-foot retail property located at 2751 Northwest 39th Avenue in Miami for a total sale price of $9,000,000. The transaction was recorded at a price per square foot of $3,074, and it took place on June 22, 2026, presided over by Hertz CEO Gil West.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 2,928
- Price Per Square Foot: $3,074
- Buyer: Aaron M. Sacks
- Seller: Gil West - Hertz Corp
- Transaction Date: 06/22/2026
- Address: 2751 Northwest 39th Avenue
- Market: Miami
This transaction involved key individuals from Hertz, with Gil West, the CEO, overseeing the deal. The acquisition reflects a significant investment in the Miami retail market by the buyer, Aaron M. Sacks.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93