Gomez Development Group Acquires Development Site In Hialeah, FL For $4.4M
SOLD
$4,412,000
Florida
See Similar DealsDevelopment Site12,000 SF
Sold 03/30/2021
SOLD
Gomez Development Group Acquires Development Site In Hialeah, FL For $4.4M
1025 East 25th Street, Hialeah, FL, USA
See Similar DealsDevelopment Site12,000 SF
Sold 03/30/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$367
Total Square Footage:12,000 SF
Transaction Type:Sale
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
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,306.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,674.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,915.13
Annual Debt Service$250,981.57
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