Updated Oct 28, 2024
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
About this deal
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.
The development site sale at 24500 Southwest 127th Avenue, Homestead, FL 33032, USA in Homestead, Florida sold for $9M in 2021. The building is 522,720 square feet, implying about 17 per square foot on the published price. Named participants on the 24500 Southwest 127th Avenue, Homestead, FL 33032, USA sale are Raimundo Onetto. This page is the Homestead, Florida file for the 24500 Southwest 127th Avenue, Homestead, FL 33032, USA development site sold: pricing, party profiles, and other closed development site comps from the same Homestead sit in the Market section below. Filter that Homestead development site set by closing date to see what else sold near 24500 Southwest 127th Avenue, Homestead, FL 33032, USA around 2021. Published consideration for 24500 Southwest 127th Avenue, Homestead, FL 33032, USA is $9M, dated 2021. Cite this Alta Developers Acquires 12 Acre Development Site In Homestead For $9M sale when underwriting similar development site product around Homestead, Florida.
On the Map
$9,000,000
$17/SF
Development Site
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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