Bravo & Partners Acquires Mixed-Use Property In Homestead For $5.4M
503 S Krome Ave, Homestead, FL, USA
$5,400,000
$11/SF
Building Size
479,160 SF
Asset Type
Mixed-use
Closing
Oct 20, 2021
AI
The mixed-use property located at 503 S Krome Ave in Homestead has been sold for a price of $5,400,000. The property spans across 11 acres and is situated in a prime location in the Homestead market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Address: 503 S Krome Ave
- Market: Homestead
- Acres: 11
The buyer of the property is Bravo & Partners, represented by Armando Bravo. Neyda Bravo from Bravo & Partners Realty acted as the buyer's representative in the deal. Lazaro Vilarchao from Realty Quest Group represented the seller in the transaction.
This sale marks a significant transaction in the Homestead market, highlighting the demand for mixed-use properties in the area. The involvement of Bravo & Partners and Realty Quest Group showcases the expertise and reputation of these brokerage firms in facilitating successful real estate deals.
Players
Homestead Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93