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
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