Continental Realty Corp. Acquires Retail Asset In Miami Springs For $87,500,000 From PGIM Real Estate
8300 Nw 36th St.
$87,500,000
Units
235,000
Asset Type
Retail
Closing
Jun 26, 2025
About this deal
AI
The retail property located at 8300 Nw 36th St., Miami Springs, FL, consists of 235,000 square feet. The transaction was completed for a total price of $87,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $87,500,000.00
- Buyer: Continental Realty Corp.
- Seller: PGIM Real Estate
- Transaction Date: 06/26/2025
This transaction involved Continental Realty Corp. as the buyer and PGIM Real Estate as the seller. These companies executed the deal, transferring ownership of the retail asset identified in the transaction.
On the Map
$87,500,000
Retail
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Players
Doral 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93