Detroit-based Private Investment Company Acquires Dix-Toledo Shopping Center In Southgate For $10.7M

A Detroit-based private investment company acquired Dix-Toledo Shopping Center, a retail property located at 15200 Dix Toledo Highway in Southgate, MI. The transaction was valued at $10.7 million, corresponding to a total square footage of 121,184, resulting in a price per square foot of $88.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $10,700,000
• Address: 15200 Dix Toledo Highway
• Market: Southgate, MI
• Square Footage: 121,184
• Price Per Square Foot: $88
• Seller's Representative: Ben Wineman & Daniel Stern - Mid-America Real Estate Group
• Seller: Private family

Ben Wineman and Daniel Stern from Mid-America Real Estate Group represented the seller in this transaction. They facilitated the sale of the property on behalf of a private family, ensuring a smooth transition of ownership to the buyer.