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1851 Southwest 177th Avenue

Enrique Bello Sells Office Property At 1851 N. Krome Avenue Homestead For $2 Million
SOLDOffice

Enrique Bello Sells Office Property At 1851 N. Krome Avenue Homestead For $2 Million

1851 Southwest 177th Avenue

$2,000,000

$422/SF

Building Size

4,731 SF

Asset Type

Office

Closing

May 29, 2025

AI

The property asset involved in this transaction is an office space located at 1851 N. Krome Avenue in Homestead. It was sold for $2,000,000, encompassing a total square footage of 4,731, which equates to a price per square foot of $422.

Summary of transaction details:

This transaction was facilitated by Molli Leoni and Jamie Rose Maniscalco, who represented the seller, Enrique Bello, throughout the sale process. They belong to The Alpha Commercial Advisors, ensuring the details of the deal were handled effectively.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker

Homestead Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93