Zvi Gordon & Chaim Katzman Of Gazit Horizons Acquire Sunset West Shopping Center In Miami For $16.95M
7300 Southwest 87th Avenue
$16,950,000
$232/SF
Building Size
73,072 SF
Asset Type
Retail
Closing
Apr 1, 2026
AI
The property asset involved in this transaction is a retail space located at 7300 Southwest 87th Avenue in Miami, encompassing 6.55 acres and comprising 73,072 square feet. The sale price for this asset was $16,950,000, translating to a price per square foot of $232.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,950,000
- Address: 7300 Southwest 87th Avenue
- Market: Miami
- Acres: 6.55
- Square Footage: 73,072
- Price Per Square Foot: $232
- Buyer: Zvi Gordon & Chaim Katzman - Gazit Horizons
- Seller: Robert P. Balzebre - Dorothy W. Balzebre Trust & Anthony F. Balzebre Trust
Gazit Horizons, represented by Zvi Gordon and Chaim Katzman, acquired the Sunset West Shopping Center through a lease assignment and is set to extend the ground lease until 2125. The center currently features tenants such as Chase Bank and Jamaica Kitchen, with plans to introduce a new Aldi at the site.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93