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
About this deal
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.
On the Map
$2,000,000
$119/SF
Retail
View full map
Players
Homestead Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Easton to view all their deals.
Browse Florida retail sales on Traded.
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