One Stop Management LLC Acquires Retail Property In Miami Gardens For $47M
4705 Northwest 183rd Street, Miami Gardens, FL, USA
$47,000,000
$555/SF
Building Size
84,543 SF
Asset Type
Retail
Closing
Nov 12, 2021
About this deal
AI
An retail property in Miami Gardens has been sold for a total of $47,000,000. The property is located at 4705-4895 Northwest 183rd Street & 4500-4698 Northwest 183rd Street, with a total square footage of 198,885. The sale price per square foot was calculated to be $236.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $47,000,000
- Address: 4705-4895 Northwest 183rd Street & 4500-4698 Northwest 183rd Street
- Market: Miami Gardens
- Square Footage: 198,885
The buyer of the property was One Stop Management LLC. On the selling side, the property was owned by Jeffrey Rosenberg - Market Square Properties Corporation, MGSP II LTD & Miami Gardens Shopping Plaza LTD. The deal was facilitated by brokers Drew Kristol and Kirk Olson from Marcus & Millichap.
Players
Opa Locka 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93