Michael Comras Of Comras Company Acquires Retail Property In Pinecrest For $10.7M
8833 South Dixie Highway
$10,700,000
$997/SF
Building Size
10,725 SF
Asset Type
Retail
Closing
Apr 24, 2025
AI
A retail property located at 8833 South Dixie Highway in Pinecrest has been sold for $10,700,000. The property spans 10,725 square feet and is anchored by tenants AT&T and Mattress Firm, positioned at one of Dade County’s busiest intersections.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,700,000
- Square Footage: 10,725 SF
- Price Per Square Foot: $998
- Buyer: Michael Comras - Comras Company
- Date of Sale: 04/24/2025
- Market: Pinecrest
Michael Comras, known for his involvement in transforming significant retail locations, plans cosmetic upgrades and remerchandising for this property to attract new tenants. His work spans various notable brands, enhancing South Florida's retail landscape with a focus on both national and local favorites.
Players
Pinecrest 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93