Eugenio Acevedo Purchases Development Site In Homestead For $1.9 Million With Representation From Ashleen Cruz & Lucia Villa
SOLD
$1,900,000
Florida
See Similar DealsDevelopment Site
Sold 01/26/2026
SOLD
Eugenio Acevedo Purchases Development Site In Homestead For $1.9 Million With Representation From Ashleen Cruz & Lucia Villa
65 N Homestead Blvd
See Similar DealsDevelopment Site
Sold 01/26/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
The asset involved in the transaction is a development site located at 65 North Homestead Boulevard in the Homestead market. The sale price for the property was $1,900,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Buyer: Eugenio Acevedo
- Seller: Mike Lawrence
- Buyer's Representative: Ashleen Cruz & Lucia Villa - Fausto Commercial Realty Consultants
- Seller's Representative: Joseph Gallaher - NAI Miami
This transaction involved Eugenio Acevedo as the buyer and Mike Lawrence as the seller, with Ashleen Cruz and Lucia Villa representing the buyer, and Joseph Gallaher representing the seller, ensuring a comprehensive representation for both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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