Oak Street Real Estate Capital Acquires Retail Property In Homestead For $5.3M
SOLD
$5,300,000
Florida
See Similar DealsRetail15,651 SF
Sold 09/28/2021
SOLD
Oak Street Real Estate Capital Acquires Retail Property In Homestead For $5.3M
28801 South Dixie Highway, Homestead, FL 33033, USA
See Similar DealsRetail15,651 SF
Sold 09/28/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$338
Total Square Footage:15,651 SF
Transaction Type:Sale
A retail property located at 28801 South Dixie Highway in Homestead was recently sold for $5,300,000. The property measures approximately 15,651 square feet, resulting in a price per square foot of $339. The sale took place on 09/28/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,300,000
- Address: 28801 South Dixie Highway
- Market: Homestead
- Buyer: Oak Street Real Estate Capital - Mark Zahr & James Hennessy
- Seller: Walgreens Company
The buyer of the property is represented by Mark Zahr and James Hennessy from Oak Street Real Estate Capital. On the other hand, the seller of the property is Walgreens Company. The transaction represents the changing hands of a retail asset in the Homestead market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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