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Copart USA Acquires Industrial Property In Homestead For $34.75M

Property Image
SOLD
$34,750,000
Matt Maciag
Audley Bosch
Edward Redlich
+ 1

Florida

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Industrial32,453 SF
Sold 10/21/2020
the dealplayerscompscontact
Property Image
SOLD

Copart USA Acquires Industrial Property In Homestead For $34.75M

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

See Similar Deals
Industrial32,453 SF
Sold 10/21/2020
Matt Maciag
Audley Bosch
Edward Redlich
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,070
Total Square Footage:32,453 SF
Transaction Type:Sale

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
Brian Smith
7 deals$84M volume(305) 960-8403
BROKER
Edward Redlich
Edward Redlich
5 deals$60.8M volume(786) 433-2379
BROKER
Audley Bosch
JLL
Audley Bosch
4 deals$34.8M volume
BROKER
Matt Maciag
JLL
Matt Maciag
4 deals$38.9M volume
BROKER

Details

SOLD
IMAGE: Brian Smith, Audley Bosch, & Matt Maciag⁠ DATE: 10/21/2020⁠ ADDRESS: 1551 SE 36th Avenue ⁠ MARKET: Homestead⁠ ASSET TYPE: Industrial⁠ PRICE: $34,750,000⁠ ACRES: 117 BUYER: Copart USA⁠ SELLER: Sure Equity Group⁠ BUYER’S REP: Edward Redlich – ComReal⁠ SELLER’S REP: Brian Smith, Audley Bosch & Matt Maciag – JLL⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,853,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$123,459.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$164,732.73
Annual Debt Service$1,976,792.74