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Sale · Office

SOLDOffice

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

George Reyes

The Keyes Company

Broker

$9.5M

vol

4 deals

Broker

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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