facebook
Traded Co logo
Submit

Shadi Shomar & Gonzalo De Ramon Acquire Development Site In Homestead For $4.3M

Property Image
SOLD
$4,300,000

Florida

See Similar Deals
Development Site150,201 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Shadi Shomar & Gonzalo De Ramon Acquire Development Site In Homestead For $4.3M

16300 Southwest 296th Street

See Similar Deals
Development Site150,201 SF
Sold
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$28
Total Square Footage:150,201 SF
Transaction Type:Sale

The Development Site located at 16300 Southwest 296th Street in Homestead was recently sold for $4,300,000. The property spans 150,201 square feet with a price per square foot of $29. The building size factor is 185,000 with a price per building size factor of $23.

Summary of transaction details:

The deal was facilitated by Alejandro Snyder and Michael B. Williams from Current Real Estate Advisors, along with Lisa Gonzalez from KW Commercial. The buyers, Shadi Shomar and Gonzalo De Ramon, represented by Onyx Housing Group, acquired the property from the sellers, Jeffrey Jay and Ana Maria Butt.

Players

Alejandro Snyder
16 deals$85M volume(305) 783-8890
BROKER

Michael B Williams
Current Real Estate Advisors
14 deals$57M volume
BROKER

Lisa Gonzalez
Keller Williams Realty
1 deal$4.3M volume(561) 310-2886
BROKER

Details

SOLD
IMAGE: Alejandro Snyder & Michael B. Williams DATE: 03/13/2024 ADDRESS: 16300 Southwest 296th Street MARKET: Homestead ASSET TYPE: Development Site BUYER: Shadi Shomar & Gonzalo De Ramon - Onyx Housing Group SELLER: Jeffrey Jay & Ana Maria Butt BROKERS: Alejandro Snyder (@AlejandroSnyder1) & Michael B. Williams (@Michael.B.WilliamsCRE) - Current Real Estate Advisors (@CurrentRealEstate); Lisa Gonzalez - KW Commercial SALE PRICE: $4,300,000 BSF: 185,000 ~ PPBSF: $23 SF: 150,201 ~ PPSF: $29

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33