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948 N Krome Ave Homestead, ...

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

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

948 N Krome Ave Homestead, FL 33030, USA

$1,630,000

Building Size

Asset Type

Medical Office

Closing

Jul 14, 2023

AI

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

The Alpha Commercial

Broker

$201.5M

vol

59 deals

Broker

David Halabu

Seller

$7.6M

vol

2 deals

Seller

Miami Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93