Updated Oct 28, 2024
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
About this deal
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
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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