Yakov Cohen Acquires Retail Property In Kendall For $31.5M
8925 Southwest 162nd Avenue, Miami, Florida 33196, United States
$31,500,000
$504/SF
Building Size
62,491 SF
Asset Type
Retail
Closing
Mar 21, 2022
AI
The Centre at Kendall Town Center has been sold for $31,500,000 in a recent transaction. The retail property, located at 8925 SW 162nd Avenue in Kendall, spans across 11.9 acres. With a total area of 62,491 square feet, the property has been valued at approximately $504 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $31,500,000
- Address: 8925 SW 162nd Avenue
- Market: Kendall
- Acres: 11.9
Yakov Cohen took on the role of the buyer in this sale, while The Centre at Kendall Town Center was represented by Richard D. Gertz Jr. The transaction involved a total area of 62,491 square feet, and each square foot was valued at $504.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93