Bryan B. Deboer & Christopher S. Holzshu Acquire Automotive Property In Homestead, FL For $22M
554 Northeast 1st Avenue, Miami, Florida 33132, United States
$22,000,000
$108/SF
Building Size
202,083 SF
Asset Type
Retail
Closing
Jul 4, 2022
AI
The automotive property located at 554 NE 1st Ave in Homestead, FL was recently sold in a closed transaction. The property spans a total area of 202,083 square feet and was sold for a price of $22,000,000. This translates to a price per square foot of $108.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $22,000,000
- Address: 554 NE 1st Ave, Homestead, FL
- Market: Homestead, FL
- Buyer: Bryan B. Deboer & Christopher S. Holzshu
- Seller: William Lehman Jr & Justin Dash
- Square Footage: 202,083
- Price per Square Foot: $108
The transaction was facilitated by Bryan B. Deboer and Christopher S. Holzshu, representing the buyer, and William Lehman Jr and Justin Dash, representing the seller.
Players
Miami 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93