The property asset involved in this transaction is located at 9771 South Dixie Highway in Pinecrest. This one-story office building covers an area of 3,412 square feet and is situated on a 0.27-acre lot. The sale was finalized for $2,400,000, translating to a price per square foot of approximately $703. This transaction reflects one of the highest price-per-square-foot sales for an office building in the Pinecrest and Palmetto Bay areas, particularly for properties not directly facing South Dixie Highway.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,400,000
• Address: 9771 South Dixie Highway
• Market: Pinecrest
• Seller: 9771 Dixie, LLC
• Brokers: Jeremy S. Larkin, Valentina Tawil & Joseph Gallaher - NAI Miami | Fort Lauderdale
• Square Footage: 3,412
• Price Per Square Foot: $703
• Acres: 0.27

The transaction was led by the brokerage team of Jeremy S. Larkin, Joseph Gallaher, and Valentina Tawil, who played essential roles in facilitating the sale. The buyer, a local resident, intends to utilize the property for their business operations through a related entity, emphasizing the property’s functional appeal in the local market.