Updated Oct 28, 2024
Armando Bravo's Bravo And Partners Acquires Industrial Property In Homestead For $1.5M
Homestead, Florida, United States
$1,500,000
$12/SF
Building Size
116,835 SF
Asset Type
Industrial
Closing
Aug 18, 2022
About this deal
AI
Located in Homestead, this industrial property was recently sold for a price of $1,500,000. The property spans across 116,835 square feet, resulting in a price per square foot of $13. The transaction took place on August 19, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
The buyer of this property was Armando Bravo of Bravo and Partners, represented by Kevin Martinez. On the other side, the seller was represented by Joseph Weston of Maddux and Company.
On the Map
$1,500,000
$12/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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93