Cristina Pelaez Acquires Office Building In Homestead From George Meroni For $1,499,000

The property located at 1801 North Krome Avenue in Homestead is an office asset that was sold for $1,499,000. It spans 2,540 square feet with a price per square foot of $590. The asset benefits from a comprehensive interior renovation completed in 2017, featuring new tile flooring, kitchen and bathroom upgrades, impact-rated windows and doors, new A/C units, and enhanced LED lighting efficiency. The expansive lot provides adequate private on-site parking, improved by resurfacing and updated exterior lighting, and offers excellent visibility and accessibility along a highly traveled avenue.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,499,000
• Buyer: Cristina Pelaez
• Seller: George Meroni
• Brokers: George Reyes, CCIM & Nancy Garcia - The Keyes Company
• Market: Homestead
• Square Footage: 2,540
• Price per Square Foot: $590

The transaction highlights the efforts of brokers George Reyes, CCIM and Nancy Garcia from The Keyes Company, who successfully navigated through challenges in closing the deal. The property was under contract shortly after listing, showcasing the strong demand for commercial assets in South Dade. This transaction reflects the growing interest in Homestead, which is known for its rapid growth and market potential.