Armando Bravo's Bravo And Partners Acquire Industrial Property In Homestead For $1.5M
SOLD
$1,500,000
National
See Similar DealsIndustrial116,835 SF
Sold 08/19/2022
SOLD
Armando Bravo's Bravo And Partners Acquire Industrial Property In Homestead For $1.5M
Industrial116,835 SF
Sold 08/19/2022
Summary
Asset Type:Industrial
Price Per Square Foot:$12
Total Square Footage:116,835 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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