Updated Oct 29, 2024
Redland Facility LLC Purchases Property At 1300 NW 4th St Homestead For $700000 With Edward Schmidt As Seller's Rep
1300 NW 4th St, Homestead, FL, 33030
$700,000
$31/SF
Building Size
22,144 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 1300 NW 4th St, Homestead, FL, 33030. The transaction was completed at a price of $700,000.00, covering a total area of 22,144 square feet within the Homestead market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $700,000.00
- Square Footage: 22,144 SF
- Address: 1300 NW 4th St, Homestead, FL, 33030
- Market: Homestead
- Seller's Representative: Edward Schmidt - NAI Miami
- Buyer: Redland Facility, LLC
Edward Schmidt represented the seller in this transaction while Redland Facility, LLC acted as the buyer, facilitating the deal between the involved parties.
On the Map
$700,000
$31/SF
Industrial
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Players
Homestead Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93