Orlando Alpizar Of Compass Facilitates Retail Property Sale In Homestead For $2.485M
SOLD
$2,485,000
Florida
See Similar DealsRetail10,500 SF
Sold 03/03/2025
SOLD
Orlando Alpizar Of Compass Facilitates Retail Property Sale In Homestead For $2.485M
255 Northwest 8th Street
See Similar DealsRetail10,500 SF
Sold 03/03/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$236
Total Square Footage:10,500 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 255 Northwest 8th Street in the Homestead market. The sale price for this asset was $2,485,000, featuring a total square footage of 9,900, which translates to a price per square foot of $251.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,485,000
- Address: 255 Northwest 8th Street
- Market: Homestead
- Square Footage: 9,900
- Price Per Square Foot: $251
- Broker: Orlando Alpizar
- Broker Agency: Compass
The key individual involved in this transaction is broker Orlando Alpizar, representing the sale through Compass. This transaction showcases the collaboration between the broker and their agency in facilitating the retail property sale within the specified market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,828.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,780.17
Annual Debt Service$141,362.01
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