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28801 South Dixie Highway, ...

Oak Street Real Estate Capital Acquires Retail Property In Homestead For $5.3M
SOLDRetail

Oak Street Real Estate Capital Acquires Retail Property In Homestead For $5.3M

28801 South Dixie Highway, Homestead, FL 33033, USA

$5,300,000

$338/SF

Building Size

15,651 SF

Asset Type

Retail

Closing

Sep 28, 2021

AI

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.

Players

Mark Zahr

Oak Street Real Estate Capital

Buyer

$211.7M

vol

7 deals

Buyer
Walgreens
WalgreensSeller

Homestead Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93