The property involved in this transaction is a retail/office space located at 9619 South Dixie Highway in the Pinecrest market. The sale price was $3,000,000, and the building encompasses 3,000 square feet, resulting in a price per square foot of $1,000. It is a standalone building previously serving as the headquarters of Pinecrest PT and is strategically positioned along US1.

Summary of transaction details:

• Property Type: Retail/Office
• Transaction Amount: $3,000,000
• Address: 9619 South Dixie Highway
• Market: Pinecrest
• Building Size: 3,000 SF
• Price per Square Foot: $1,000
• Buyer: Doctor Mark Hernandez, Doctor Abelardo Corona & Doctor Francisco Fernandez
• Seller: Ronald Yacoub
• Buyer's Representative: Victor A. Ruiz – Move Miami
• Seller's Representative: Alex San Juan - Coldwell Banker

The transaction saw Doctor Mark Hernandez, Doctor Abelardo Corona, and Doctor Francisco Fernandez acquire the property with plans to convert it into a concierge Class A medical office and boutique treatment spa. The seller, Ronald Yacoub, financed the deal. The location offers high visibility, with approximately 50,000 vehicles passing by daily and a median household income in Pinecrest nearing $200,000 per year.