SOLD
Prestige Companies Acquires 13.1 Acre Land In Hialeah For $13.7M
2200 East 4th Avenue
$13,760,000
$30,308/SF
Building Size
454 SF
Asset Type
—
Closing
Aug 31, 2022
AI
A 13.1-acre land located at 2200 E 4th Avenue in Hialeah has been sold in a recent transaction. The sale took place on 09/06/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $13,700,000
- Address: 2200 E 4th Avenue, Hialeah
- Market: Hialeah
In this transaction, the buyer, Prestige Companies, was represented by Marty Caparros. The seller, Hialeah Park, was represented by John Brunetti Jr.
Players
Hialeah CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93