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1750 Northeast 8th Street

RaceTrac Acquires Commercial Property In Homestead For $3,800,000 With Buyer's Rep Alex Sanchez
SOLDCommercial

RaceTrac Acquires Commercial Property In Homestead For $3,800,000 With Buyer's Rep Alex Sanchez

1750 Northeast 8th Street

$3,800,000

$740/SF

Building Size

5,135 SF

Asset Type

Commercial

Closing

Jul 15, 2026

AI

The property asset involved in this transaction is a commercial real estate located at 1750 Northeast 8th Street in the Homestead market. The sale price for this asset was $3,800,000, with a total of 5,135 square feet, resulting in a price per square foot of $740.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $3,800,000
  • Address: 1750 Northeast 8th Street
  • Market: Homestead
  • Square Feet: 5,135
  • Price Per Square Foot: $740
  • Buyer: RaceTrac
  • Seller: Armando Bravo - Bravo and Partners
  • Buyer's Representative: Alex Sanchez
  • Seller's Representatives: Luis Gonzalez & Neyda Bravo - Bravo and Partners

This transaction included key individuals from Bravo and Partners representing the seller, with Luis Gonzalez and Neyda Bravo facilitating the sale. The buyer, RaceTrac, was represented by Alex Sanchez in the deal.

Players

Neyda Bravo

Bravo & Partners Realty

Broker

$487.3M

vol

16 deals

Broker
Alex Sanchez

Alex Sanchez

RaceTrac

Buyer

$46.9M

vol

3 deals

Buyer

Armando Bravo

Bravo and Partners

Seller

$35M

vol

9 deals

Seller

Homestead Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93