Dorsey Development Acquires Live Oak Village Retail Center In Gulf Breeze For $14M
1151 Gulf Breeze Parkway
$14,000,000
$130/SF
Building Size
107,065 SF
Asset Type
Retail
Closing
Nov 3, 2026
About this deal
AI
Dorsey Development acquired a retail asset consisting of a shopping center measuring 107,065 square feet located at 1151 Gulf Breeze Parkway in Gulf Breeze, Florida. The transaction was completed at a sale price of $14 million, equating to $131 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Buyer: Dorsey Development
- Seller: Exposition Properties
- Buyer's Representative: Chris Dozier - Kuebel Realty Company
- Seller's Representatives: Brad Peterson & Whitaker Leonhardt - Colliers
- Lender: United Community Bank
The acquisition involved key representatives, with Chris Dozier facilitating the deal for Dorsey Development through Kuebel Realty Company, while Colliers' Brad Peterson and Whitaker Leonhardt represented Exposition Properties in the sale. The financing for the transaction was provided by United Community Bank.
On the Map
$14,000,000
$130/SF
Retail
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Players
Gulf 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93