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
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