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9703 South Dixie Highway

9703 Dixie LLC Sells Retail Property At 9703 South Dixie Highway Pinecrest For $2.3M
SOLDRetail

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

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.

Players

Robert Eckstein

NAI Global

Broker

$44.4M

vol

7 deals

Broker

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