Alex Sanchez Acquires Development Site In Hialeah Gardens For $5.83M
NW 138th St Hialeah Gardens, FL, USA
$5,830,000
$17/SF
Building Size
335,412 SF
Asset Type
Development Site
Closing
Aug 21, 2023
AI
A development site located at NW 138th St. /107th AVE. in Hialeah Gardens has been sold for $5,830,000. The site spans approximately 335,412 square feet, resulting in a price per square foot of $17.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $5,830,000
- Address: NW 138th St. /107th AVE., Hialeah Gardens
- Market: Hialeah Gardens
The buyer of the property is Alex Sanchez, while the seller is Gene Davis. George Smith of Smith Commercial Property Group represented the buyer, Alex Sanchez, in the transaction. On the other hand, Julio Navarro, also from Smith Commercial Property Group, represented the seller, Gene Davis.
Note: Smith Commercial Property Group specializes in sourcing off-market commercial investment opportunities. For further inquiries, you can contact George Smith at [email protected] or 305-359-6119.
Players
Hialeah Gardens 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93