Kenton Wright & Howard Sands Acquire Store In Homestead, FL For $7.5M
SOLD
$7,493,696
Florida
See Similar DealsRetail16,534 SF
Sold 09/07/2022
SOLD
Kenton Wright & Howard Sands Acquire Store In Homestead, FL For $7.5M
2800 Northeast 8th Street, Homestead, Florida 33033, United States
See Similar DealsRetail16,534 SF
Sold 09/07/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$453
Total Square Footage:16,534 SF
Transaction Type:Sale
The property involved in this closed transaction is a store located at 2800 NE 8th St, Homestead, FL. The property has a total area of 16,534 square feet. The sale took place on September 7, 2022, with a sale price of $7,493,696. The price per square foot for the property is $453.
Summary of Transaction Details
- Property Type: Store
- Transaction Amount: $7,493,696
- Buyer: Kenton Wright & Howard Sands
- Seller: Richard N. Steiner
- Market: Homestead, FL
The buyer for this transaction is Kenton Wright & Howard Sands, while the seller is Richard N. Steiner. The property is located in the market of Homestead, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$399,663.79
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,623.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,523.94
Annual Debt Service$426,287.31
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