Raanan Katz Of RK Centers Acquires Arena Shops In North Miami For $32.5 Million
14750 Biscayne Boulevard
$32,500,000
$727/SF
Building Size
44,658 SF
Asset Type
Retail
Closing
Oct 22, 2026
About this deal
AI
RK Centers has acquired a retail asset located at 14750 Biscayne Boulevard, North Miami, for a sale price of $32,500,000. The property spans 44,658 square feet, resulting in a price per square foot of $728. The retail center is fully leased and represents a significant transaction in the local market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,500,000
- Buyer: Raanan Katz - RK Centers
- Seller: Jodie W. McLean & Mark Garside - Arena Shops (EDENS) LLC
- Market: North Miami
- Square Footage: 44,658
- Price Per Square Foot: $728
Raanan Katz, representing RK Centers, leads this transaction, while Jodie W. McLean and Mark Garside represent the seller, Arena Shops (EDENS) LLC. This deal reflects a $7.5 million premium over the property's 2012 price, indicating strong fundamentals in the North Miami market.
On the Map
$32,500,000
$727/SF
Retail
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Players
Lakewood 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93