Lowercase Law Firm Acquires Retail Property In Wilton Manors For $1.175M With Financing From Grove Bank & Trust
2808 North Dixie Highway
$1,175,000
Building Size
—
Asset Type
Retail
Closing
Mar 28, 2025
AI
A retail property located at 2808 & 2816 North Dixie Highway in Wilton Manors recently sold for $1,175,000. The asset spans a total of 5,010 square feet and is situated on a 0.27-acre lot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,175,000
- Buyer: Lowercase Law Firm
- Seller: Jonathan Katcher
- Broker Representatives: Adam Docktor & Jaime Sturgis - Native Realty
- Lender: Grove Bank & Trust
- Price per Square Foot: $235
Jaime Sturgis represented Lowercase Law Firm in the acquisition, while Adam Docktor represented the seller, Jonathan Katcher, who previously obtained ownership through foreclosure.
Players
Wilton Manors Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93