Rise Star LLC Acquires Hollywood Retail Property For $15M
16770 Northwest 37th Avenue, Miami Gardens, Florida 33056, United States
$15,000,000
$235/SF
Building Size
63,652 SF
Asset Type
Retail
Closing
Jun 30, 2022
About this deal
AI
The retail property located at 3753, 3791 NW 167th Street & 16770 NW 37th Avenue in Hollywood has been sold for $15,000,000. The property spans across 6.8 acres and offers a total square footage of 63,652. The price per square foot for this transaction was $236.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,000,000
The buyer of the property is Rise Star LLC, represented by Valentina Georgescu. The seller, on the other hand, includes El Family Property Owner LLC, RL Family Property Owner LLC, and SLMJL Family Property Owner LLC. Emillio, Sabatino, and Rossana Lamanna are the owners of these entities respectively. The lenders involved in the transaction are BayVanguard Bank and Pacific Coast Bankers.
Please note that no additional information is available regarding this transaction.
Players
Miami Gardens 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93