12441 S Dixie Hwy
Pinecrest, FL 33156
Landmark Center · Retail Property For Sale

The CBRE Diaz Team is pleased to exclusively offer for sale a .48 acre parcel occupied by a 6,950 square feet strip center with six bays, thirty parking spaces, and a pylon sign at an excellent location in Pinecrest. The opportunity fronts US 1 with over 76,000 vehicles per day traffic count. The property is presently occupied by three tenants all with triple net leases and escalations of 4-5% per year. The property is poised for an add value play by effecting its lease up of approximately 3,100 square feet. Market rents in the immediate area average $52.23 per square foot. The Landmark Center leases average $39.80 per square foot, thus offering substantial lease up and value-add potential. Pinecrest is an affluent suburban village in Miami- Dade County. It covers the area between Kendall Drive (SW 88th Street) south to SW 136th Street along South Dixie Highway and east to Old Cutler Bay. Most national retailers are represented in the area with the likes of Publix, Fresh Market, Target, Best Buy Electronics, Party City and more having a presence. Demographics show a population of 98,593 with an average household income of 128,873 within a three-mile radius of the property.