Nick Shihadeh Purchases Retail Property From Richard Groh In Homestead For $6.1M
1460 N Krome Ave
$6,100,000
$328/SF
Building Size
18,544 SF
Asset Type
Retail
Closing
Nov 18, 2025
About this deal
AI
The property asset involved in this transaction is located at 1460 North Krome Avenue in the Homestead market. This retail asset spans 18,544 square feet and was sold for a transaction amount of $6,100,000, equating to a price per square foot of $328.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Square Footage: 18,544
- Price Per Square Foot: $328
- Buyer: Nick Shihadeh
- Seller: Richard Groh
- Broker: Bobby Berrido CCIM - Fausto Commercial Realty Consultants
This transaction was facilitated by Bobby Berrido, who represents Fausto Commercial Realty Consultants. The deal connected buyer Nick Shihadeh with seller Richard Groh, concluding in a successful transaction in the retail sector.
On the Map
$6,100,000
$328/SF
Retail
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Players
Florida City 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93