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Dr. Ramzi Younis Acquires Medical Office In Homestead For $1.63M

Property Image
SOLD
$1,630,000
Jamie Rose Maniscalco
Liz Coloma
+ 1

Florida

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Medical Office
Sold 07/14/2023
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SOLD

Dr. Ramzi Younis Acquires Medical Office In Homestead For $1.63M

948 N Krome Ave Homestead, FL 33030, USA

See Similar Deals
Medical Office
Sold 07/14/2023
Jamie Rose Maniscalco
Liz Coloma
+ 1
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Summary

FLORIDA
Asset Type:Medical Office
Transaction Type:Sale

A medical office located at 948 N Krome Ave in Homestead has been sold for $1,630,000. The building spans 4,202 square feet, resulting in a price per square foot of $388. The lot size is 14,025 square feet, leading to a price per square foot of $116.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $1,630,000
  • Building Size: 4,202 square feet
  • Price per Building Square Foot (PPBSF): $388
  • Lot Size: 14,025 square feet
  • Price per Lot Square Foot (PPLSF): $116

The buyer of the medical office is Dr. Ramzi Younis, while the seller is David Halabu. Representing the buyer is Ron Mann from APEX Capital Realty, while the seller is represented by Jamie Rose Maniscalco and Liz Coloma, also from APEX Capital Realty.

Players

Jamie Rose Maniscalco
56 deals$195.6M volume
BROKER

Ron Mann
MCG Realty Advisors
10 deals$31.6M volume(305) 490-1404
BROKER

Liz Coloma
The Alpha Commercial
3 deals$5.8M volume(860) 605-6603
BROKER

Details

SOLD
IMAGE: Ron Mann, Jamie Rose Maniscalco & Liz Coloma DATE: 07/14/2023 ADDRESS: 948 N Krome Ave MARKET: Homestead ASSET TYPE: Medical Office BUYER: Dr. Ramzi Younis SELLER: David Halabu BUYER'S REP: Ron Mann (@Ronmann.Miami) - APEX Capital Realty (@ApexCapitalRealty) SELLER'S REP: Jamie Rose Maniscalco (@jamie_r0se), (@land_deals) & Liz Coloma (@lizzzz22) - APEX Capital Realty SALE PRICE: $1,630,000 BUILDING SF: 4,202 ~ PPBSF: $388 LOT SF: 14,025 ~ PPLSF: $116

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

$86,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,791.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,727.03
Annual Debt Service$92,724.38