facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

850 N Flagler Ave, Homestea...

Marcos Puente Acquires Retail Property In Homestead For $2M
SOLDRetail

Marcos Puente Acquires Retail Property In Homestead For $2M

850 N Flagler Ave, Homestead, FL 33030, USA

$2,000,000

$119/SF

Building Size

16,770 SF

Asset Type

Retail

Closing

Aug 22, 2023

AI

Oxford Life Insurance Co has sold a retail property located at 850 North Flagler Avenue in Homestead. The property, spanning 16,770 square feet, was sold for a price of $2,000,000. The sale price translates to a price per square foot of $119.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Address: 850 North Flagler Avenue, Homestead
  • Market: Homestead
  • Square Footage: 16,770 sq ft

Marcos Puente, representing MMG Homestead, acted as the buyer in the transaction. Andrew Easton, from The Easton Group, served as the seller's representative for Oxford Life Insurance Co.

Players

Andrew Easton

The Easton Group

Broker

$6.4M

vol

2 deals

Broker
Marcos Puente

Marcos Puente

Buyer

$155.4M

vol

17 deals

Buyer

Market 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93