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NW 138th St Hialeah Gardens...

Alex Sanchez Acquires Development Site In Hialeah Gardens For $5.83M
SOLDDevelopment Site

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

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 deals

Broker

Gene Davis

Seller

$11M

vol

2 deals

Seller

Hialeah Gardens Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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