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27707 South Dixie Highway, ...

Deepak Khosa Acquires 105-Unit Multifamily In Homestead For $11M
SOLDMultiFamily

Deepak Khosa Acquires 105-Unit Multifamily In Homestead For $11M

27707 South Dixie Highway, Homestead, FL 33032, USA

$11,000,000

$227/SF

Building Size

48,394 SF

Asset Type

MultiFamily

Closing

Dec 2, 2021

AI

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

Robert Given

CBRE

Broker

$4.2B

vol

44 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Deepak Khosa

Deepak Khosa

Atlantic Property Services

Buyer

$47.5M

vol

6 deals

Buyer

Homestead MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93