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8925 Southwest 162nd Avenue...

Yakov Cohen Acquires Retail Property In Kendall For $31.5M
SOLDRetail

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

Yakov Cohen

Buyer

$52.9M

vol

3 deals

Buyer

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