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1551 SE 36th Ave, Homestead...

Copart USA Acquires Industrial Property In Homestead For $34.75M
SOLDIndustrial

Copart USA Acquires Industrial Property In Homestead For $34.75M

1551 SE 36th Ave, Homestead, FL 33035, Estados Unidos

$34,750,000

$1,070/SF

Building Size

32,453 SF

Asset Type

Industrial

Closing

Oct 20, 2020

AI

A 117-acre industrial property located at 1551 SE 36th Avenue in Homestead has been sold for a total price of $34,750,000. The property, facilitated by Copart USA as the buyer and Sure Equity Group as the seller, was transacted on October 21, 2020. The property is situated in the Homestead market and offers significant potential for industrial use.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $34,750,000
  • Address: 1551 SE 36th Avenue, Homestead
  • Market: Homestead
  • Acres: 117

Edward Redlich from ComReal represented Copart USA as the buyer's representative in this transaction. The seller's representation was handled by Brian Smith, Audley Bosch, and Matt Maciag from JLL. Their expertise and professional guidance played an integral role in facilitating the deal between the buyer and the seller.

Players

Brian Smith

JLL

Broker

$84M

vol

7 deals

Broker

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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93