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
Homestead Church Market Snapshot
Boundary boundary · Church · Sale transactions
Loading comparables…
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