SOLDDevelopment Site
Alta Developers Acquires 12 Acre Development Site In Homestead For $9M
24500 Southwest 127th Avenue, Homestead, FL 33032, USA
$9,000,000
$17/SF
Building Size
522,720 SF
Asset Type
Development Site
Closing
Nov 2, 2021
AI
Located at 24500 Southwest 127th Avenue in Homestead, this development site spans over 12 acres. The property was sold on November 2, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Market: Homestead
- Buyer: Alta Developers - Raimundo Onetto
- Seller: Princeton Land Investments
- Image: Raimundo Onetto
- Date: 11/02/2021
The buyer, Alta Developers, represented by Raimundo Onetto, acquired the property from the seller, Princeton Land Investments.
Homestead Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93