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
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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