Steven Brauser Acquires 3,955 Square Foot Retail Property In Homestead From Martin Pico For $11.41M
1090 North Homestead Boulevard
$11,409,804
$2,884/SF
Building Size
3,955 SF
Asset Type
Retail
Closing
Sep 28, 2026
About this deal
AI
Steven Brauser acquired a retail property consisting of 3,955 square feet located at 1090 North Homestead Boulevard in the market of Homestead, Florida. The property was sold for $11,409,804, equating to a price of $2,885 per square foot. The sale concluded on September 28, 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,409,804
- Buyer: Steven Brauser
- Seller: Martin Pico - MMG Equity Partners
- Square Footage: 3,955
- Price per Square Foot: $2,885
- Transaction Date: September 28, 2026
- Address: 1090 North Homestead Boulevard, Homestead, Florida
Martin Pico represented MMG Equity Partners in this transaction, facilitating the sale to Steven Brauser.
On the Map
$11,409,804
$2,884/SF
Retail
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Homestead Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93