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Treo Group Acquires Mobile Home Park In Florida City For $6.8M

Property Image
SOLD
$6,800,000
Otto Travieso
Mort Fetterolf
Edward Redlich
+ 3

Florida

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Sold 02/04/2022
the dealplayerscompscontact
Property Image
SOLD

Treo Group Acquires Mobile Home Park In Florida City For $6.8M

601 Northwest 3rd Avenue, Florida City, Florida 33034, United States

See Similar Deals
Sold 02/04/2022
Otto Travieso
Mort Fetterolf
Edward Redlich
+ 3
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Transaction Type:Sale

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

Edward Redlich
Edward Redlich
5 deals$60.8M volume(786) 433-2379
BROKER
Otto Travieso
Otto Travieso
1 deal$6.8M volume
BROKER
Mort Fetterolf
ComReal
Mort Fetterolf
1 deal$6.8M volume
BROKER
RD
Rolando Delgado
3 deals$145.3M volume
BUYER
OB
Otto Boudet-Murias
3 deals$157.8M volume
BUYER
EG
Eduardo Garcia
3 deals$191.8M volume
BUYER
TG
Treo Group
BUYER

Details

SOLD
IMAGE: Carlos Ortega, Mort Fetterolf, Eduardo Garcia, Edward Redlich, Otto Boudet-Murias, Otto Travieso & Otis Wallace DATE: 02/04/2022 ADDRESS: 601 Northwest Third Avenue MARKET: Florida City ASSET TYPE: Mobile Home Park BUYER: Treo Group - Otto Boudet-Murias, Rolando Delgado, Eduardo Garcia & Carlos Ortega SELLER: Florida City - Otis Wallace BUYER'S REP: Otto Travieso - Real Capital Partners SELLER'S REP: Edward Redlich & Mort Fetterolf - ComReal Team SALE PRICE: $6,800,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63