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
About this deal
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:
- Property Type: Office
- Transaction Amount: $2,000,000
- Square Footage: 4,731
- Price per Square Foot: $422
- Seller: Enrique Bello
- Broker: Molli Leoni & Jamie Rose Maniscalco - The Alpha Commercial Advisors
- Date of Sale: 5/30/2025
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.
On the Map
$2,000,000
$422/SF
Office
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Players
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