Azora Acquires Retail Asset At 1430 South Dixie Highway In Miami For $22.15M With JLL As Seller's Rep
1430 South Dixie Highway
$22,150,000
$590/SF
Building Size
37,500 SF
Asset Type
Retail
Closing
Aug 31, 2026
About this deal
AI
The property located at 1430 South Dixie Highway in Miami, classified as retail, has a total square footage of 37,500. The sale was completed at a price of $22,150,000, resulting in a price per square foot of $590.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,150,000
- Buyer: Azora
- Seller: ABC Properties
- Seller's Representative: Jonathan Rosen, Carter Nash & Michael Barashick - JLL
- Market: Miami
JLL represented the seller in this off-market transaction, having previously worked for years on leasing the retail asset. For mixed-use retail leasing guidance in South Florida, individuals can reach out to the JLL Retail Team by contacting Jonathan Rosen at Jonathan.Rosen@JLL.com.
Players
Coral Gables 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
0.72%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93