Manaca Pinecrest Center LLC acquired the Shoppes of Pinecrest shopping center at 9055-9095 S. Dixie Hwy in Pinecrest, FL from Adler Realty Services LLC for $8.5 million, or about $693 per square foot.
The property is a single-story, 12,271-square-foot, multi-tenant retail building constructed in 2001. The property was fully occupied at the time of the sale.
Douglas Mandel, Kirk Olson, and Drew Kristol of Marcus & Millichap represented the seller. The buyer was represented in-house.
For additional information on this transaction, please see CoStar COMPS #2315266.