Christopher Langen Acquires Retail Property In Homestead For $2.9M
1472 N Homestead Blvd Homestead, FL 33030, USA
$2,900,000
$290/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jun 16, 2023
About this deal
AI
A retail property located at 1472 North Homestead Boulevard in Homestead has been sold in a recent transaction. The property spans approximately 10,000 square feet and was sold for a price of $2,900,000, resulting in a price per square foot of $290.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 1472 North Homestead Boulevard
- Market: Homestead
The buyer in this transaction is Christopher Langen, while the seller is the Chris B Spaulding Revocable Trust, represented by Hugo Varela. The deal was facilitated by brokers Matthew Albregts and Jonathan De La Rosa from Marcus & Millichap.
Players
Miami 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93