Rafael Diaz Purchases Retail Center In Homestead Florida For $5.95 Million

This retail asset, located at 29645 Dixie Highway in the market of Homestead, has been sold for $5,950,000. The property comprises 20,970 square feet and is situated on a 95,241 square foot lot, offering considerable redevelopment potential due to its proximity to US-1 and the updated busway station.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,950,000
• Square Footage: 20,970 sqft
• Address: 29645 Dixie Highway
• Market: Homestead
• Buyer: Rafael Diaz
• Seller: Robert Gallaher
• Buyer’s Representative: Michael Fernandez & Mario Fernandez - Florida Realty of Miami
• Seller’s Representative: Juan Moscoso - The Hype Real Estate Group
• Price Per Square Foot: $283

This transaction marks another successful deal in Homestead, Florida, facilitated by the involved representatives, highlighting the effectiveness of their roles in connecting the buyer and seller in this off-market sale.