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Northwest 2nd Avenue

Todd Nepola Of Current Capital Group Acquires Retail Center From Ron Soffett For $33M
SOLDRetail

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

Todd Nepola

Current Capital Group

Broker

$149.5M

vol

12 deals

Broker
CG
Current Capital GroupBrokerage
Todd Nepola

Todd Nepola

Current Capital Group

Buyer

$149.5M

vol

12 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93