Updated Jul 20, 2026
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
About this deal
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.
On the Map
$3,800,000
$740/SF
Commercial
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Players
Homestead Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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