facebook
Traded Co logo
Submit
Daily limit: 0/10

Barsanti Family Partners Acquires Crystal Lake Strip Center In Homestead For $4.6M

Property Image
SOLD
$4,600,000

Florida

See Similar Deals
Retail7,304 SF
Sold 10/05/2023
the dealplayerscompscontact
Property Image
SOLD

Barsanti Family Partners Acquires Crystal Lake Strip Center In Homestead For $4.6M

3320 Northwest 8th Street

See Similar Deals
Retail7,304 SF
Sold 10/05/2023
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$629
Total Square Footage:7,304 SF
Transaction Type:Sale

The Crystal Lake Strip Center in Homestead has been sold for a price of $4,600,000. This retail property spans 7,304 square feet and is located at 3320 NE 8th St in eastern Homestead. The property was purchased by Barsanti Family Partners from MMG Equity Partners. Drew Kristol and Kirk Olson, representing Marcus & Millichap's Miami office, acted as the brokers for both the buyer and the seller in this transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,600,000
  • Square Footage: 7,304
  • Price per Square Foot: $630
  • Address: 3320 NE 8th St, Homestead
  • Market: Homestead
  • Buyer: Barsanti Family Partners
  • Seller: MMG Equity Partners
  • Brokers: Drew Kristol and Kirk Olson - Marcus & Millichap

Notably, Marcus & Millichap's Miami office, represented by Drew Kristol and Kirk Olson, facilitated the sale of the Crystal Lake Strip Center in Homestead. The property served as a retail space and was acquired by Barsanti Family Partners from MMG Equity Partners. This transaction highlights the expertise and involvement of the brokers, Drew Kristol and Kirk Olson, who played a crucial role in connecting the buyer and seller.

Players

Drew Kristol
46 deals$560.5M volume(786) 522-7065
BROKER

Kirk Olson
Marcus & Millichap
46 deals$569.8M volume(786) 522-7064
BROKER

Partners
BUYER

Marcos Puente
MMG Equity Partners
16 deals$130.4M volume
SELLER

Details

SOLD
IMAGE: Drew Kristol, Marcos Puente & Kirk Olson DATE: 10/05/2023 ADDRESS: 3320 Northeast 8th Street MARKET: Homestead ASSET TYPE: Retail BUYER: Barsanti Family Partners SELLER: MMG Equity Partners (@MMGEquityPartners) - Marcos Puente BROKERS: Drew Kristol (@DaKristol66) & Kirk Olson - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $4,600,000 SF: 7,304 ~ PPSF: $630 NOTE: Marcus & Millichap announced the $4.6 million sale of the Crystal Lake Strip Center in Homestead. Drew Kristol and Kirk Olson of Marcus & Millichap's Miami office represented both the seller, MMG Equity Partners, and the buyer, Barsanti Family Partners, for this 7,304 square-foot retail property located on 3320 NE 8th St in eastern Homestead.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16