MMG Equity Partners Acquires Mixed-Use Property In Homestead For $4.2M
SOLD
$4,200,000
+ 1
Florida
See Similar DealsMixed-use23,629 SF
Sold 11/29/2021
SOLD
MMG Equity Partners Acquires Mixed-Use Property In Homestead For $4.2M
1020 N Homestead Blvd, Homestead, FL, USA
See Similar DealsMixed-use23,629 SF
Sold 11/29/2021
+ 1
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$177
Total Square Footage:23,629 SF
Transaction Type:Sale
A mixed-use property located at 1020 & 1090 N Homestead Blvd in Homestead has been sold for a price of $4,200,000. The property spans a total area of 23,629 square feet, resulting in a price per square foot of $178. The transaction took place on 11/29/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,200,000
- Address: 1020 & 1090 N Homestead Blvd
- Market: Homestead
The buyer of the property is MMG Equity Partners represented by Gabe Navarro & Marcos Puente. On the other hand, the seller is David Tepper & Fred Moses. Rosendo Caveiro & Michael Fay from Avison Young acted as the seller's representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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