RPS Capital Management And Ripco Represent Buyers In $23.15M Retail Portfolio Acquisition In Homestead And Clermont
1090 North Homestead Boulevard & Hwy 192
$23,540,000
$4,805/SF
Building Size
4,899 SF
Asset Type
Retail
Closing
Sep 28, 2026
About this deal
AI
The transaction involved the sale of a retail portfolio located at 1090 North Homestead Boulevard and 9430 Highway 192, situated in the Homestead and Clermont markets. The sale price was $23,150,000, providing a strategic acquisition for the buyer utilizing bonus depreciation benefits.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,150,000
- Buyer’s Representative: Robert Sharfstein - RPS Capital Management; Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz & Kevin Louie - Ripco
The transaction featured key representatives including Robert Sharfstein from RPS Capital Management, along with a team from Ripco comprising Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Schmitz, and Kevin Louie, who facilitated the acquisition for the buyer.
On the Map
$23,540,000
$4,805/SF
Retail
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Players
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93