Cabessa Property Management Acquires Industrial Asset From Forte Capital Management For $3.26M
SOLD
$3,264,000
Florida
See Similar DealsIndustrial18,746 SF
Sold 01/14/2026
SOLD
Cabessa Property Management Acquires Industrial Asset From Forte Capital Management For $3.26M
106 Southwest 5th Avenue
See Similar DealsIndustrial18,746 SF
Sold 01/14/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:18,746 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 106 Southwest 5th Avenue in the Homestead market. The sale price for this property was $3,264,000, and it encompasses a total square footage of 18,746 with a price per square foot of $174.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,264,000
- Buyer: Cabessa Property Management
- Seller: Forte Capital Management
- Broker: Tyler Kuhlman - CBRE
Tyler Kuhlman represented the broker in this transaction, facilitating the deal between Cabessa Property Management and Forte Capital Management.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$174,079.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,596.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,473.03
Annual Debt Service$185,676.30
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