Treo Group Acquires Mobile Home Park In Florida City For $6.8M
601 Northwest 3rd Avenue, Florida City, Florida 33034, United States
$6,800,000
Building Size
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Asset Type
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Closing
Feb 3, 2022
AI
A mobile home park located at 601 Northwest Third Avenue in Florida City has been sold for a total price of $6,800,000. The transaction took place on February 4, 2022.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $6,800,000
- Address: 601 Northwest Third Avenue, Florida City
- Market: Florida City
Treo Group, represented by Otto Boudet-Murias, Rolando Delgado, Eduardo Garcia, and Carlos Ortega, acted as the buyer in this transaction. On the other hand, Otis Wallace, representing Florida City, acted as the seller.
Real Capital Partners' Otto Travieso served as the buyer's representative, while the ComReal Team, comprised of Edward Redlich and Mort Fetterolf, represented the seller.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93