SOLDRetail
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
$2,500,000
$1,073/SF
Building Size
2,328 SF
Asset Type
Retail
Closing
May 10, 2022
AI
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.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93