Aaron Labovitz & Brandon Lumish Of ABL Real Estate Partners Acquire Retail Property In Pinecrest For $4M
8425 Southwest 132nd Street
$4,000,000
$320/SF
Building Size
12,466 SF
Asset Type
Retail
Closing
Dec 22, 2025
About this deal
AI
The retail property located at 8425 Southwest 132nd Street in the Pinecrest market has been sold for $4,000,000. The asset spans 12,466 square feet, with a price per square foot of $320. The land associated with the property is 35,949 square feet, priced at $111 per land square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Buyer: Aaron Labovitz & Brandon Lumish - ABL Real Estate Partners
- Seller: Kenneth Fleisher
- Square Footage: 12,466
- Price per Square Foot: $320
- Land Square Footage: 35,949
- Price per Land Square Foot: $111
ABL Real Estate Partners acquired the property off-market directly across from the University of Miami's planned Pinecrest Medical Center site. The firm is planning a facelift to the property. Please reach out to @blumish to learn more.
On the Map
$4,000,000
$320/SF
Retail
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Players
Pinecrest 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93