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a9bd25e1 f9bf 4a9c 8154 e79...

Armando Bravo's Bravo And Partners Acquire Industrial Property In Homestead For $1.5M
SOLDIndustrial

Armando Bravo's Bravo And Partners Acquire Industrial Property In Homestead For $1.5M

$1,500,000

$12/SF

Building Size

116,835 SF

Asset Type

Industrial

Closing

Aug 19, 2022

AI

An industrial property in Homestead has been sold for $1,500,000. The property spans 116,835 square feet, resulting in a price per square foot of $13.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Square Feet: 116,835
  • Price per Square Foot: $13
  • Date: 08/19/2022
  • Market: Homestead

The buyer of the property is Armando Bravo, representing Bravo and Partners. Kevin Martinez served as the buyer's representative in the transaction. On the other hand, Joseph Weston, from Maddux and Company, represented the seller in the deal.

Players

Kevin Martinez

Bravo & Partners Realty

Broker

$3M

vol

2 deals

Broker

Armando Bravo

Bravo and Partners

Buyer

$31.2M

vol

8 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93