The shopping center is located on the southeast corner of South Dixie Highway and Eureka Drive (Southwest 184th Street) in the Cutler Ridge section of southern Miami-Dade County, an area that is seeing significant residential growth.

"South Dade Shopping Center will continue to flourish since it is located in what is, and will continue to be, one of Miami-Dade's main residential growth corridors for the foreseeable future," according to Mark Gilbert, one of the brokers representing the seller in the transaction. Gilbert is senior director of financial services in Cushman & Wakefield's local office.

"The area between Cutler Ridge and Homestead contains the bulk of Miami-Dade's remaining prime residential acreage for single-family development. Fueled by Miami-Dade's population growth, residential development in this area has gained steam over the past decade and undoubtedly will continue. This makes the area's existing retail properties, such as South Dade Shopping Center, very attractive retail investment opportunities," he adds.