MMG Equity Partners Acquires Homestead Shopping Center For $7.1M
27000 S Dixie Hwy, Homestead, FL, USA
$7,100,000
$138/SF
Building Size
51,246 SF
Asset Type
Retail
Closing
Jan 14, 2020
AI
A shopping center located at 27000 South Dixie Highway in Homestead has been sold for $7,100,000. The property spans an area of 51,246 square feet with a price per square foot of $139. The sale was completed on January 15, 2020, with MMG Equity Partners, represented by Marcos Puente and Gabriel Navarro, acquiring the property from D&G Properties.
Summary of transaction details
- Property Type: Shopping center
- Transaction Amount: $7,100,000
- Address: 27000 South Dixie Highway, Homestead
- Market: Homestead
- Buyer: MMG Equity Partners - Marcos Puente, Gabriel Navarro
- Seller: D&G Properties
- Square Footage: 51,246
- Price per Square Foot: $139
MMG Equity Partners, represented by Marcos Puente and Gabriel Navarro, successfully acquired the shopping center located at 27000 South Dixie Highway in Homestead from D&G Properties. The deal was closed on January 15, 2020, for a total price of $7,100,000. This transaction marks another successful investment for MMG Equity Partners in the Homestead market.
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93