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1025 East 25th Street, Hial...

Gomez Development Group Acquires Development Site In Hialeah, FL For $4.4M
SOLDDevelopment Site

Gomez Development Group Acquires Development Site In Hialeah, FL For $4.4M

1025 East 25th Street, Hialeah, FL, USA

$4,412,000

$367/SF

Building Size

12,000 SF

Asset Type

Development Site

Closing

Mar 29, 2021

AI

A development site located at 1025 E 25 Street in Hialeah, FL has been sold for a total price of $4,412,000. The property spans 12,000 square feet and is primarily designated for retail use, with 151 residential units also included in the development.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,412,000
  • Address: 1025 E 25 Street, Hialeah, FL

The buyer of the property is Gomez Development Group, while the sellers are JDM Realty Group and Pointe Companies. Agustin Duarte and Jorge Cruz from Remax 360 represented the buyer in this transaction, and David Egozi from JDM Realty Group served as the seller's representative.

This sale transaction took place on March 30, 2021, and Agustin Duarte and David Egozi were also involved in the deal as depicted in the image shared on Instagram.

Players

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker
GG
Gomez Development GroupBuyer
PC
Pointe CompaniesSeller

Hialeah Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.60%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93