October 14, 2021 – Charles Moody of Horvath & Tremblay has successfully completed the sale of the Dixie Colonial Center in Vero Beach, Florida. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $2,800,000
Dixie Colonial Center is located at 951 Old Dixie Highway (FL Route 605) in Vero Beach, Florida. The Property was constructed in 1989 and consists of two inline strip centers and contains 21,400 square feet of gross leasable area on 2.42 acres of land. The rent roll contains an attractive mix of twenty-three (23) retailers, offices, restaurants, and neighborhood service tenants that serve residents of the area’s high-density housing, employees of downtown businesses, and commuters passing by on FL Route 605. Dixie Colonial Center offers excellent visibility and frontage along the heavily travelled Old Dixie Highway (FL Route 605) with pylon signage and multiple access points from Old Dixie Highway and 9th Street. The Property is well located just south of Downtown Vero Beach and provides a convenient location for area residents. Situated at the intersection of Old Dixie Highway and 9th Street, the Property is just seconds from the busy US Highway 1 corridor, 0.6-miles from a Publix anchored shopping center, 1-mile from the Vero Beach High School, and 1.5-miles from the Vero Beach City Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.