Yakov Cohen Acquires Retail Property In Kendall For $31.5M
SOLD
$31,500,000
Florida
See Similar DealsRetail62,491 SF
Sold 03/22/2022
SOLD
Yakov Cohen Acquires Retail Property In Kendall For $31.5M
8925 Southwest 162nd Avenue, Miami, Florida 33196, United States
See Similar DealsRetail62,491 SF
Sold 03/22/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$504
Total Square Footage:62,491 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,680,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,912.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$149,326.07
Annual Debt Service$1,791,912.85
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