Updated Sep 11, 2026
Joey Dornbusch Acquires Hialeah Development Site For $5.68M
2400 Okeechobee Road
$5,680,000
Building Size
—
Asset Type
Development Site
Closing
Jan 27, 2023
About this deal
AI
A development site located at 2400 Okeechobee Road in Hialeah has been sold in a recent transaction. The property, with a lot size of 90,158 square feet, was sold for a total price of $5,680,000. The price per square foot (PPLSF) was calculated to be $63. The transaction took place on January 27, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,680,000
- Lot Size: 90,158 square feet
- Price per Square Foot (PPLSF): $63
- Address: 2400 Okeechobee Road, Hialeah
In this transaction, the buyer was Joey Dornbusch, while the seller was James McCarthy. The deal was facilitated by broker Jorge Ruiz from Premier Properties.
On the Map
$5,680,000
Development Site
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Players
Hialeah Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93