Todd Nepola Of Current Capital Group Acquires Retail Center From Ron Soffett For $33M
Northwest 2nd Avenue
$33,000,000
$198/SF
Building Size
166,485 SF
Asset Type
Retail
Closing
Jul 27, 2025
AI
The transaction involves the sale of a retail asset located at 21301-21495 NW 2nd Avenue in Miami. The asset has a sale price of $33,000,000 and spans 166,485 square feet, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,000,000
- Buyer: Todd Nepola
- Seller: Ron Soffett
- Broker: Todd Nepola - Current Capital Group
- Square Footage: 166,485
- Price Per Square Foot: $198
- Market: Miami
Todd Nepola, president of Current Capital Group, acquired County Line Center as a seasoned professional with over 27 years in retail property acquisitions throughout Florida. His company, Current Capital Group, focuses on stable, income-producing assets and maintains an expanding portfolio of grocery-anchored and neighborhood shopping centers, actively seeking similar acquisition opportunities within the state.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93