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Lowercase Law Firm Acquires Retail Property In Wilton Manors For $1.175M With Financing From Grove Bank & Trust

Property Image
SOLD
$1,175,000
Jaime Sturgis
Adam Docktor

Florida

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Retail
Sold 03/28/2025
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Property Image
SOLD

Lowercase Law Firm Acquires Retail Property In Wilton Manors For $1.175M With Financing From Grove Bank & Trust

2808 North Dixie Highway

See Similar Deals
Retail
Sold 03/28/2025
Jaime Sturgis
Adam Docktor
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Transaction Type:Sale

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:

Jaime Sturgis represented Lowercase Law Firm in the acquisition, while Adam Docktor represented the seller, Jonathan Katcher, who previously obtained ownership through foreclosure.

Players

Jaime Sturgis
Native Realty
Jaime Sturgis
47 deals$234.1M volume
BROKER
Adam Docktor
Native Realty
Adam Docktor
5 deals$9.9M volume(954) 610-0440
BROKER
Grove Bank & Trust
Grove Bank & Trust
LENDER

Details

SOLD
IMAGE: Adam Docktor & Jaime Sturgis DATE: 03/28/2025 ADDRESS: 2808 & 2816 North Dixie Highway MARKET: Wilton Manors ASSET TYPE: Retail ~ ACRES: 0.27 BUYER: Lowercase Law Firm SELLER: Jonathan Katcher BROKERS: Adam Docktor (@954real_estate) & Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) LENDER: Grove Bank & Trust SALE PRICE: $1,175,000 SF: 5,010 ~ PPSF: $235 NOTE: Lowercase Law Firm acquired a 5,010 SF retail property at 2808 & 2816 N Dixie Hwy in Wilton Manors for $1.175M, securing $822,500 in financing from Grove Bank & Trust. Native Realty’s Jaime Sturgis represented the buyer, while Adam Docktor represented the seller, Jonathan Katcher, who had previously taken ownership via foreclosure.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$62,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19