David Shulman Acquires Care Facility In Homestead, FL For $18.6M
1990 South Canal Drive, Homestead, Florida 33035, United States
$18,626,087
$309/SF
Building Size
60,273 SF
Asset Type
Other
Closing
Oct 13, 2022
About this deal
AI
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
Homestead Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93