Bravo & Partners Acquires Mixed-Use Property In Homestead For $5.4M
SOLD
$5,400,000
Florida
See Similar DealsMixed-use479,160 SF
Sold 10/20/2021
SOLD
Bravo & Partners Acquires Mixed-Use Property In Homestead For $5.4M
503 S Krome Ave, Homestead, FL, USA
See Similar DealsMixed-use479,160 SF
Sold 10/20/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$11
Total Square Footage:479,160 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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