Wharton Realty Group Acquires Retail Property In Homestead For $82M
2605 Northeast 10th Court, Homestead, FL 33033
$82,000,000
$271/SF
Building Size
302,346 SF
Asset Type
Retail
Closing
Jan 7, 2022
About this deal
AI
The retail property located at 2605 NE 10th Ct in Homestead has been sold for a price of $82,000,000. The property spans across 302,346 square feet, with a price per square foot of $274. The transaction took place on 01/07/2022. The property was acquired by Wharton Realty Group from the sellers CREC Capital, Lubert-Adler Real Estate Funds, MMG Equity Partners, and Highline Real Estate Capital.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $82,000,000
- Address: 2605 NE 10th Ct, Homestead
- Square Footage: 302,346
- Price per Square Foot: $274
- Market: Homestead
The deal was facilitated by brokers Danny Finkle and Eric Williams from JLL, representing the buyer, Wharton Realty Group.
On the Map
$82,000,000
$271/SF
Retail
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Players
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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93