Artemis Group Sells 330 Acres Of Land In Homestead For $19.14M
27000 SW 207th Ave, Homestead, FL, USA
$19,140,000
$58,000/SF
Building Size
330 SF
Asset Type
—
Closing
Jul 13, 2021
AI
Located at 27000 SW 207th Ave in Homestead, this land transaction took place on 07/14/2021. The property spans across 330 acres, with a sale price of $19,140,000, resulting in a price per acre (PPA) of $58,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $19,140,000
- Address: 27000 SW 207th Ave, Homestead
- Market: Homestead
- Acres: 330
- PPA: $58,000
The seller in this transaction was Alfredo Patrone, representing the Artemis Group. They facilitated the sale of this expansive piece of land, showcasing their expertise in land transactions.
Players
Homestead CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93