MMG Equity Partners Acquires Mixed-Use Property In Homestead For $4.2M
1020 N Homestead Blvd, Homestead, FL, USA
$4,200,000
$177/SF
Building Size
23,629 SF
Asset Type
Mixed-use
Closing
Nov 29, 2021
AI
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.
Players
Homestead Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93