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
About this deal
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.
On the Map
$5,300,000
$338/SF
Retail
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93