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Limestone Asset Management & Orion Real Estate Group Acquire Retail Property In Miami For $70.5M

13601–13621 South Dixie Highway
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This Retail property located in FL was sold for $70,500,000. The broker of the deal was Eric Williams

Ibrahim Al-Rashid and Kevin Sanz recently closed a retail property transaction in Miami. Located at 13601-13621 S Dixie Highway, the property spans approximately 188,389 square feet. The property was sold by MetLife Investment Management to Limestone Asset Management and Orion Real Estate Group. The sale price for this transaction was $70,500,000, which translates to a price per square foot of $374.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: $70,500,000
  • Address: 13601-13621 S Dixie Highway, Miami
  • Square Footage: 188,389

Limestone Asset Management represented by Ibrahim Al-Rashid and Orion Real Estate Group represented by Kevin Sanz were the buyers in this transaction. The seller was MetLife Investment Management. Eric Williams from JLL acted as the broker. The lender involved in this deal was Goldman Sachs.

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Deals
  • Location
    13601 South Dixie Highway, Miami, Florida 33157, United States13601 South Dixie Highway, Miami, Florida 33157, United States
  • Sale Price
    $70,500,000$70,500,000
    $375,000 PPSF$375,000 PPSF
  • Area
    188 SF188 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Eric Williams

Eric Williams

Deals31
Sold$1.7B

Agency

JLL

JLL

Agency
Deals5402
Volume$322.2B

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Deal Summary

SALE IMAGE: Ibrahim Al-Rashid & Kevin Sanz DATE: 12/23/2022 ADDRESS: 13601–13621 S Dixie Highway MARKET: Miami ASSET TYPE: Retail BUYER: Limestone Asset Management - Ibrahim Al-Rashid; Orion Real Estate Group - Kevin Sanz SELLER: MetLife Investment Management BROKER: Eric Williams - JLL (@JLL) LENDER: Goldman Sachs (@GoldmanSachs) SALE PRICE: $70,500,000 SF: 188,389 ~ PPSF: $374

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13601–13621 South Dixie Highway

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