Bjorn Jensen Buys Office In Homestead, FL From Torre Fuerte For $1.7M
$1,700,000
$410/SF
Building Size
4,143 SF
Asset Type
Office
Closing
May 24, 2024
AI
The property involved in this transaction is an office located at 211 N Krome Avenue, Homestead, FL 33030. The asset spans 4,143 square feet and was sold for $1,700,000, resulting in a price per square foot of $410. The sale took place in the Homestead market. The seller was Torre Fuerte, and the buyer was Bjorn Jensen. The transaction was facilitated by broker George Reyes from The Keyes Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,700,000
- Address: 211 N Krome Avenue, Homestead, FL 33030
- Market: Homestead
- Square Footage: 4,143
- Price Per Square Foot: $410
- Buyer: Bjorn Jensen
- Seller: Torre Fuerte
- Broker: George Reyes - The Keyes Company
The successful closure of this deal in Downtown Homestead was made possible through the hard work and dedication of the team involved and the support of the clients. The accomplishment marks another milestone for all parties, and they look forward to continued success in the future.
Players
Market 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93