Updated Nov 4, 2026
Joseph Mouhanna Purchases Medical Office In Homestead From Charles Witherell For $1.95M
97 Ne 15th Street, Homestead, Fl 33030
$1,950,000
$734/SF
Building Size
2,656 SF
Asset Type
Medical Office
Closing
Oct 29, 2026
About this deal
AI
A medical office property has been sold at 97 Northeast 15th Street, located in the market of Homestead, for a total of $1,950,000. The building encompasses a square footage of 2,656 and has a price per square foot of $734.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $1,950,000
- Buyer: Joseph Mouhanna
- Seller: Charles Witherell
- Broker: George Reyes, CCIM - The Keyes Company
The transaction involved George Reyes, CCIM, who represented both the buyer, a local medical doctor, and the seller in this closing. The buyer aimed to expand their practice and presence within the Homestead community, showcasing the strategic importance of this acquisition.
On the Map
$1,950,000
$734/SF
Medical Office
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Players
Homestead 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93