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9703 Dixie LLC Sells Retail Property At 9703 South Dixie Highway Pinecrest For $2.3M
SOLD
$2,300,000
+ 1
Florida
See Similar DealsRetail9,192 SF
Sold 12/23/2024
SOLD
9703 Dixie LLC Sells Retail Property At 9703 South Dixie Highway Pinecrest For $2.3M
9703 South Dixie Highway
See Similar DealsRetail9,192 SF
Sold 12/23/2024
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:9,192 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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