Deepak Khosa Acquires 105-Unit Multifamily In Homestead For $11M
SOLD
Florida
See Similar DealsMultiFamily48,394 SF
Sold 12/02/2021
SOLD
Deepak Khosa Acquires 105-Unit Multifamily In Homestead For $11M
27707 South Dixie Highway, Homestead, FL 33032, USA
See Similar DealsMultiFamily48,394 SF
Sold 12/02/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:48,394 SF
Transaction Type:Sale
A multifamily property located at 27707 South Dixie Highway in Homestead has been sold for $11,000,000. The property sits on 4.52 acres and consists of 105 units. The sale price per unit was $104,762. The transaction took place on 12/02/2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 27707 South Dixie Highway, Homestead
- Market: Homestead
- Area: 4.52 acres
The buyer of the property is Deepak Khosa, represented by Atlantic Property Services. The seller is Victoria One Card Sound LP. The deal was facilitated by brokers Calum Weaver and Robert Given from Cushman & Wakefield.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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