Updated Oct 29, 2024
Legacy Five LLC Acquires 14.1 Acre Development Site In Homestead For $13.33M
16401 Southwest 296th Street, Homestead, Florida 33033, United States
$13,330,000
Building Size
—
Asset Type
Development Site
Closing
Jan 11, 2023
About this deal
AI
A development site located at 16401 SW 296th Street in Homestead has been sold for $13,330,000. The property spans 14.1 acres.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $13,330,000
- Address: 16401 SW 296th Street
- Market: Homestead
- Buyer: Legacy Five LLC - Jose Guillen
- Seller: Jasa 1019 LLC - Merrill Jay Taub
- Broker: Amador "Rocky" Odio - Zoning Consultants
- Acres: 14.1
The buyer of the development site, Legacy Five LLC, was represented by its broker representative, Jose Guillen. On the other side, the seller, Jasa 1019 LLC, was represented by Merrill Jay Taub. The broker involved in the transaction was Amador "Rocky" Odio from Zoning Consultants.
Players
Homestead Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93