9703 Dixie LLC Sells Retail Property At 9703 South Dixie Highway Pinecrest For $2.3M
9703 South Dixie Highway
$2,300,000
$250/SF
Building Size
9,192 SF
Asset Type
Retail
Closing
Dec 23, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 9703 South Dixie Highway in Pinecrest. The sale price was $2,300,000, and the property encompasses 9,192 square feet, translating to a price per square foot of $250.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Square Footage: 9,192
- Address: 9703 South Dixie Highway
- Market: Pinecrest
- Seller: 9703 Dixie LLC
- Brokers: Jeremy S. Larkin, Valentina Tawil, Joseph Gallaher & Robert Eckstein - NAI Miami | Fort Lauderdale
Jeremy Larkin, Joseph Gallaher, and Valentina Tawil represented the seller, while Robert Eckstein represented the buyer, who intends to undertake capital improvements on the property.
On the Map
$2,300,000
$250/SF
Retail
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Players
Miami 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93