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185 Southwest 312th Street

Dr. Peter Hanna And Dr. Paul Hanna Acquire Church In Homestead From Mitch Rabin For $2.45M
SOLDChurch

Dr. Peter Hanna And Dr. Paul Hanna Acquire Church In Homestead From Mitch Rabin For $2.45M

185 Southwest 312th Street

$2,450,000

$317/SF

Building Size

7,717 SF

Asset Type

Church

Closing

Dec 30, 2025

AI

The property asset involved in the transaction is a church located at 185 NE 8th St, Homestead, FL 33030. The sale price was $2,450,000, with a total square footage of 7,717 and a price per square foot of $317. The asset is situated in the Homestead, FL market.

Summary of transaction details:

  • Property Type: Church
  • Transaction Amount: $2,450,000
  • Buyer: Dr. Peter Hanna & Dr. Paul Hanna - SFL Medical Group
  • Seller: Mitch Rabin - Homestead Jewish Comm Center
  • Broker: Victor A. Ruiz - Move Miami
  • Buyer's Attorney: Victor A. Ruiz, Esq. - Victor A. Ruiz, P.A.
  • Square Footage: 7,717
  • Price per Square Foot: $317

The transaction was led by Dr. Peter Hanna and Dr. Paul Hanna, who represent the SFL Medical Group in this acquisition. The new facility will be implemented on the corner lot of over 60,000 square feet on Campbell Drive, adjacent to a retail shopping plaza. The building is set to house a modern medical campus and surgical center, bringing together a team of specialists in various medical fields. Additionally, the buyers are introducing their Lumea Med Spa franchise to the Homestead area.

Players

Victor A. Ruiz

Broker

$19.4M

vol

4 deals

Broker

Homestead Church Market Snapshot

Boundary boundary · Church · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93