Aaron Labovitz & Brandon Lumish Of ABL Real Estate Partners Acquire Retail Property In Pinecrest For $4M
SOLD
$4,000,000
Florida
See Similar DealsRetail12,466 SF
Sold 12/23/2025
SOLD
Aaron Labovitz & Brandon Lumish Of ABL Real Estate Partners Acquire Retail Property In Pinecrest For $4M
8425 Southwest 132nd Street
See Similar DealsRetail12,466 SF
Sold 12/23/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$320
Total Square Footage:12,466 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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