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
About this deal
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.
The commercial sale at 2200 East 4th Avenue in Hialeah, Florida sold for $13.8M in 2022. The building is 454 square feet, implying about 30.3K per square foot on the published price. Named participants on the 2200 East 4th Avenue sale are John Brunetti Jr.. This page is the Hialeah, Florida file for the 2200 East 4th Avenue commercial sold: pricing, party profiles, and other closed commercial comps from the same Hialeah sit in the Market section below. Filter that Hialeah commercial set by closing date to see what else sold near 2200 East 4th Avenue around 2022. Published consideration for 2200 East 4th Avenue is $13.8M, dated 2022. Cite this Prestige Companies Acquires 13.1 Acre Land In Hialeah For $13.7M sale when underwriting similar commercial product around Hialeah, Florida.
Players
Hialeah CRE Market Snapshot
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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