Joseph Del Vecchio Acquires 8514-SF Retail Property On South Dixie Highway For $3.81M

Joseph Del Vecchio purchased a freestanding auto repair building located at 9001 South Dixie Highway in Miami. The retail asset spans 8,514 square feet and is situated on 0.73 acres. The sale price for the property was $3,813,100, equating to a price per square foot of $448.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,813,100
• Buyer: Joseph Del Vecchio
• Seller: Agree Realty Corporation
• Brokers: Jenni Fontana & Miguel Pinto - APEX Capital Realty
• Asset Size: 8,514 SF
• Price per Square Foot: $448
• Lease Information: Leased to Goodyear on a 15-year term since 2022
• Property Features: Includes 13 bays and six 5-year renewal options

Jenni Fontana and Miguel Pinto, representing APEX Capital Realty, facilitated the transaction for both the buyer and the seller. Their role was crucial in managing the negotiations between Joseph Del Vecchio and Agree Realty Corporation.