Updated Dec 4, 2025
Gustavo Lovato Purchases Industrial Asset At 220 South Flagler Avenue For $1 Million
220 South Flagler Avenue
$1,000,000
$333/SF
Building Size
3,000 SF
Asset Type
Industrial
Closing
Nov 25, 2025
About this deal
AI
The property asset involved in this transaction is an industrial space located at 220 South Flagler Avenue in Homestead. The sale price was $1,000,000, with a total area of 3,000 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,000,000
- Sale Date: 11/26/2025
- Buyer: Gustavo Lovato
- Seller: Donald Groh
- Buyer’s Representative: George Reyes CCIM - The Keyes Company
- Seller’s Representative: Felipe Serrano - BRS Real Estate Company
This off-market opportunity was secured and placed under contract within 24 hours, highlighting the effectiveness of leveraging deep relationships with experienced local commercial brokers. These professionals are adept at uncovering deals before they hit the market and guiding clients through every step of the transaction to a successful closing.
On the Map
$1,000,000
$333/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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93