Eugenio Acevedo Purchases Development Site In Homestead For $1.9 Million With Representation From Ashleen Cruz & Lucia Villa
65 N Homestead Blvd
$1,900,000
Building Size
—
Asset Type
Development Site
Closing
Jan 25, 2026
AI
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.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93