SOLDRetail
Eric Guerra Purchases Retail Asset From Kent Wright In Homestead For $6.025M
2800 Ne 8th St
$6,025,000
$406/SF
Building Size
14,820 SF
Asset Type
Retail
Closing
Jun 5, 2025
AI
This retail property located at 2800 Northeast 8th Street in the Homestead market was sold for $6,025,000. The total square footage is 14,820, with a price per square foot of $406.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $6,025,000
- Buyer: Eric Guerra
- Seller: Kent Wright
- Broker: Jorge Alvarino - Horizon Properties
The transaction involved Eric Guerra as the buyer and Kent Wright as the seller, with Jorge Alvarino representing the seller in the deal through Horizon Properties.
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
2.63%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93