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8300 Nw 36th St.

Continental Realty Corp. Acquires Retail Asset In Miami Springs For $87,500,000 From PGIM Real Estate
SOLDRetail

Continental Realty Corp. Acquires Retail Asset In Miami Springs For $87,500,000 From PGIM Real Estate

8300 Nw 36th St.

$87,500,000

Building Size

Asset Type

Retail

Closing

Jun 26, 2025

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.

Players

JLL
JLLBrokerage

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