Artemis Group Sells 330 Acres Of Land In Homestead For $19.14M
SOLD
$19,140,000
Florida
See Similar Deals330 SF
Sold 07/14/2021
SOLD
Artemis Group Sells 330 Acres Of Land In Homestead For $19.14M
27000 SW 207th Ave, Homestead, FL, USA
See Similar Deals330 SF
Sold 07/14/2021
Summary
FLORIDA
Price Per Square Foot:$58,000
Total Square Footage:330 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,020,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,000.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,733.36
Annual Debt Service$1,088,800.38
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