Nick Shihadeh Purchases Retail Property From Richard Groh In Homestead For $6.1M
SOLD
$6,100,000
Florida
See Similar DealsRetail18,544 SF
Sold 11/19/2025
SOLD
Nick Shihadeh Purchases Retail Property From Richard Groh In Homestead For $6.1M
1460 N Krome Ave
See Similar DealsRetail18,544 SF
Sold 11/19/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$328
Total Square Footage:18,544 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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