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8833 South Dixie Highway

Michael Comras Of Comras Company Acquires Retail Property In Pinecrest For $10.7M
SOLDRetail

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

Comras Company
Comras CompanyBuyer

Pinecrest 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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93