Limestone Asset Management And Orion Real Estate Group Acquire Mixed-Use Property In Pinecrest For $32M
12651 South Dixie Highway, Pinecrest, FL, USA
$32,000,000
$339/SF
Building Size
94,175 SF
Asset Type
Mixed-use
Closing
Mar 22, 2021
About this deal
AI
The mixed-use property located at 12651 South Dixie Highway in Pinecrest has been sold for $32,000,000. The asset, consisting of both retail and office space, spans 94,175 square feet. The sale was completed on March 23, 2021. The price per square foot was calculated as $340.
Summary of transaction details
- Property Type: Mixed-use (Retail & Office)
- Transaction Amount: $32,000,000
- Address: 12651 South Dixie Highway, Pinecrest
- Market: Pinecrest
- Square Footage: 94,175
- Price per Square Foot: $340
The buyer of the property was Limestone Asset Management and Orion Real Estate Group, represented by Kevin J. Sanz. The transaction was facilitated by the broker JLL.
Players
Pinecrest Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93