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City Of Homestead Acquires Mixed-Use Property In South-Dade For $4.2M

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SOLD
$4,200,000

Florida

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Mixed-use19,398 SF
Sold 08/15/2023
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Property Image
SOLD

City Of Homestead Acquires Mixed-Use Property In South-Dade For $4.2M

204 N Krome Ave Florida City, FL 33034, USA

See Similar Deals
Mixed-use19,398 SF
Sold 08/15/2023
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$216
Total Square Footage:19,398 SF
Transaction Type:Sale

Located in South-Dade, Homestead, the mixed-use property at 204/220/230 N Krome Avenue & 28/32 NW 2nd Street has been sold for a total price of $4,200,000. The property spans over 30,600 square feet of land and features 19,398 square feet of retail/office space, as well as 9,100 square feet of parking space. With a price per square foot of $217, this transaction represents a significant investment in the area.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,200,000
  • Square Footage: 19,398 SF
  • Address: 204/220/230 N Krome Avenue & 28/32 NW 2nd Street, Homestead, FL 33030
  • Market: South-Dade, Homestead

Handling the sale was George Reyes from The Katsikos Group, INC., who represented the seller. This deal reflects the ongoing investment and development in the Homestead area, showcasing the potential for growth and economic activity. With the involvement of the City of Homestead as the buyer, this transaction demonstrates the continued interest in mixed-use properties and the confidence in local markets.

Players

George Reyes
4 deals$9.5M volume(305) 986-4747
BROKER

Details

SOLD
IMAGE: George Reyes DATE: 08/15/2023 ADDRESS: 204/220/230 N Krome Avenue & 28/32 NW 2nd Street MARKET: South-Dade, Homestead ASSET TYPE: Mixed-use BUYER: City of Homestead SELLER'S REP: George Reyes (@GeorgeReyesRE) - The Katsikos Group, INC. SALE PRICE: $4,200,000 SF: 19,398 ~ PPSF: $217 NOTE FROM SELLER'S REP: CLOSED $4.2M Deal- Represented the Seller- 204/220/230 N Krome Avenue & 28/32 NW 2nd Street, Homestead, FL 33030- 30,600 SF of Land, 19,398 SF of Retail/ Office Space & 9,100 SF of Parking Space

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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