216 Corner LLC Acquires Educational Facility In Homestead For $5.1M
SOLD
$5,100,000
Florida
See Similar DealsOther26,596 SF
Sold 12/30/2019
SOLD
216 Corner LLC Acquires Educational Facility In Homestead For $5.1M
13330 SW 288th St, Homestead, FL, USA
See Similar DealsOther26,596 SF
Sold 12/30/2019
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$191
Total Square Footage:26,596 SF
Transaction Type:Sale
An educational facility located at 13330 SW 288th St in Homestead has been sold for a price of $5,100,000. The property, spanning 26,596 square feet, was sold by Aspira to the buyer, 216 Corner LLC. The transaction was facilitated by broker Achikam Yogev of Colliers International South Florida.
Summary of transaction details
- Property Type: Educational Facility
- Transaction Amount: $5,100,000
- Address: 13330 SW 288th St
- Market: Homestead
- Buyer: 216 Corner LLC
- Seller: Aspira
- Broker: Achikam Yogev - Colliers International South Florida
- Square Footage: 26,596
- Price Per Square Foot: $192
The sale of the educational facility was completed on 12/30/2019, with Achikam Yogev from Colliers International South Florida representing the buyer, 216 Corner LLC. The transaction further highlights the vibrant real estate market in Homestead.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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