Bryan B. Deboer & Christopher S. Holzshu Acquire Automotive Property In Homestead, FL For $22M
SOLD
Florida
See Similar DealsRetail202,083 SF
Sold 07/05/2022
SOLD
Bryan B. Deboer & Christopher S. Holzshu Acquire Automotive Property In Homestead, FL For $22M
554 Northeast 1st Avenue, Miami, Florida 33132, United States
See Similar DealsRetail202,083 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$108
Total Square Footage:202,083 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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