Andrew Dickerman Of 2032 North Dixie Highway LLC Acquires Mixed-use Building From Razmik Panossian For $4.5M
2032 Dixie Highway
$4,500,000
$423/SF
Building Size
10,630 SF
Asset Type
Mixed-use
Closing
Oct 30, 2025
About this deal
AI
A mixed-use building located at 2032 North Dixie Highway in West Palm Beach was sold for $4.5 million. The asset spans 10,630 square feet, translating to a price per square foot of $423.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Address: 2032 North Dixie Highway
- Market: West Palm Beach
- Square Footage: 10,630
- Price Per Square Foot: $423
- Buyer: Andrew Dickerman - 2032 North Dixie Highway LLC
- Seller: Razmik Panossian - Pelham Properties
The transaction was finalized while resolving a foreclosure lawsuit initiated by Bluebird CRE Credit I LLC concerning a $3 million mortgage, which was refinanced through a new loan that was later assigned to Time Bank.
On the Map
$4,500,000
$423/SF
Mixed-use
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Players
West Palm Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93