Homestead Industrial Property Sells For $7.5M With Broker Miguelangel Salazar-Pesce & Azael Reyes
$7,507,500
$17/SF
Building Size
435,600 SF
Asset Type
Industrial
Closing
Jun 1, 2023
AI
An industrial property in Homestead has been sold for a price of $7,507,500. The property spans 435,600 square feet, resulting in a price per square foot of $17.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,507,500
- Square Footage: 435,600
- Price per Square Foot: $17
- Market: Homestead
The sale of this industrial property was facilitated by Miguelangel Salazar-Pesce and Azael Reyes of Strike Realty. Strike Realty, LLC and East Coast Properties & Commercial Real Estate were the agencies involved in the transaction.
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
2.11%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93