Armando Bravo's Bravo And Partners Acquires Industrial Property In Homestead For $1.5M
SOLD
$1,500,000
Florida
See Similar DealsIndustrial116,835 SF
Sold 08/19/2022
SOLD
Armando Bravo's Bravo And Partners Acquires Industrial Property In Homestead For $1.5M
Homestead, Florida, United States
See Similar DealsIndustrial116,835 SF
Sold 08/19/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$12
Total Square Footage:116,835 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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