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27000 SW 207th Ave, Homeste...

Artemis Group Sells 330 Acres Of Land In Homestead For $19.14M
SOLD

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