Kenton Wright & Howard Sands Acquire Store In Homestead, FL For $7.5M
2800 Northeast 8th Street, Homestead, Florida 33033, United States
$7,493,696
$453/SF
Building Size
16,534 SF
Asset Type
Retail
Closing
Sep 6, 2022
AI
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.
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
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93