Market Square Properties Sells Miami Retail Property For $47.25M With Brokers Kirk Olson & Drew Kristol
4705 Northwest 183rd Street, Miami, Florida, USA
$47,250,000
$237/SF
Building Size
198,885 SF
Asset Type
Retail
Closing
Jan 10, 2021
About this deal
AI
The retail property located at 4705 NW 183rd Street in Miami, FL was recently sold for a total of $47,250,000. The property spans a total of 198,885 square feet, resulting in a price per square foot of $237.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $47,250,000
- Address: 4705 NW 183rd Street
- Market: Miami, FL
- Seller: Jeffrey Rosenberg - Market Square Properties Corporation; MGSP II LTD & Miami Gardens Shopping Plaza LTD
- Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
- Square Footage: 198,885
- Price per Square Foot: $237
The seller of the property was Jeffrey Rosenberg, representing Market Square Properties Corporation, MGSP II LTD, and 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