Alex Sanchez Acquires Development Site In Hialeah Gardens For $5.83M
SOLD
$5,830,000
Florida
See Similar DealsDevelopment Site335,412 SF
Sold 08/21/2023
SOLD
Alex Sanchez Acquires Development Site In Hialeah Gardens For $5.83M
NW 138th St Hialeah Gardens, FL, USA
See Similar DealsDevelopment Site335,412 SF
Sold 08/21/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$17
Total Square Footage:335,412 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$310,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,712.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,637.17
Annual Debt Service$331,646.09
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