Maximo Alvarez & Sandra Reus Acquire Automotive Property On Krome Avenue In Homestead, FL For $2.5M
SOLD
Florida
See Similar DealsRetail2,328 SF
Sold 05/11/2022
SOLD
Maximo Alvarez & Sandra Reus Acquire Automotive Property On Krome Avenue In Homestead, FL For $2.5M
24800 Southwest 177th Avenue, Homestead, Florida 33031, United States
See Similar DealsRetail2,328 SF
Sold 05/11/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,073
Total Square Footage:2,328 SF
Transaction Type:Sale
The property involved in this closed transaction is an automotive facility located at 24800 Krome Ave in Homestead, FL. The property spans a total size of 2,328 square feet. The transaction took place on May 11, 2022, and the sale price for the property was $2,500,000. This equates to a price per square foot of $1,073.
Summary of transaction details:
- Property Type: Automotive
- Transaction Amount: $2,500,000
- Square Footage: 2,328
- Address: 24800 Krome Ave, Homestead, FL
The buyers in this transaction were Maximo Alvarez and Sandra Reus, while the sellers were Allam Morales and Marisol Gonzalez. Maximo Alvarez and Sandra Reus purchased the automotive property for the specified sale price. Allam Morales and Marisol Gonzalez were the sellers in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
Is there something missing? Send suggestions