Angelo, Gordon & Co Acquires Homestead Development Site For $9.47M
SOLD
$9,470,000
Florida
See Similar DealsDevelopment Site
Sold 11/12/2021
SOLD
Angelo, Gordon & Co Acquires Homestead Development Site For $9.47M
Southwest 288th Street, Homestead, FL, USA
See Similar DealsDevelopment Site
Sold 11/12/2021
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
An approximately 64-acre development site located at SW 288th Street, SW 169th Avenue, and 29145 SW 167th Avenue in Homestead has been sold for a price of $9,470,000. The transaction took place on November 12, 2021. The property has great potential for development due to its size and location.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,470,000
- Market: Homestead
- Address: SW 288th Street, SW 169th Avenue, and 29145 SW 167th Avenue
- Acres: 64
The buyer of this development site is Angelo, Gordon & Co. They recognized the value and potential of this property and decided to make the purchase. Angelo, Gordon & Co is a reputable company in the real estate industry.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$505,066.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,644.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,892.63
Annual Debt Service$538,711.58
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