David Shulman Acquires Care Facility In Homestead, FL For $18.6M
SOLD
$18,626,087
Florida
See Similar DealsOther60,273 SF
Sold 10/14/2022
SOLD
David Shulman Acquires Care Facility In Homestead, FL For $18.6M
1990 South Canal Drive, Homestead, Florida 33035, United States
See Similar DealsOther60,273 SF
Sold 10/14/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$309
Total Square Footage:60,273 SF
Transaction Type:Sale
The Care Facilities located at 1990 S Canal Dr in Homestead, FL was recently sold in a transaction on October 14, 2022. The property spans a total of 60,273 square feet, and the sale price amounted to $18,626,087, resulting in a per square foot price of $309. The asset type of the property is Care Facilities.
Summary of transaction details
- Property Type: Care Facilities
- Transaction Amount: $18,626,087
- Square Footage: 60,273
- Price per Square Foot: $309
- Address: 1990 S Canal Dr, Homestead, FL
- Market: Homestead, FL
The buyer of the property is David Shulman, while the seller is Robert O. Stephenson.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$993,391.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,174.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,297.15
Annual Debt Service$1,059,565.86
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