Steven Brauser Acquires Retail Asset In Homestead From Marcos Puente & Gabriel Navarro For $11.585M
1090 North Homestead Boulevard
$11,585,000
$2,364/SF
Building Size
4,899 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The retail property located at 1090 North Homestead Boulevard in the Homestead market has been sold for $11,585,000. Spanning a total area of 4,899 square feet, this transaction reflects a price per square foot of $2,364.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $11,585,000
- Square Footage: 4,899
- Price per Square Foot: $2,364
- Buyer: Steven Brauser
- Seller: Marcos Puente & Gabriel Navarro - MMG
- Seller's Representative: Scott Sandelin, Kirk Olson & Drew Kristol - Marcus & Millichap
- Date of Transaction: 09/28/2026
This transaction involved key representatives from the brokerage firm Marcus & Millichap, with Scott Sandelin, Kirk Olson, and Drew Kristol acting on behalf of the sellers, Marcos Puente and Gabriel Navarro. The buyer, Steven Brauser, successfully completed the acquisition in a deal finalized on September 28, 2026.
On the Map
$11,585,000
$2,364/SF
Retail
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Players
Homestead Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93