Updated Oct 25, 2024
Indigo Properties And Linkvest Capital Acquire 8-Acre Development Site In Hialeah Gardens, FL For $5.83M
Nw 138th St, Hialeah, Fl 33018
$5,830,000
Building Size
—
Asset Type
Development Site
Closing
Aug 21, 2023
About this deal
AI
An eight-acre development site located at Northwest 138th Street & Northwest 107th Avenue in Hialeah Gardens, FL has been sold for approximately $5.83 million. The buyers, Indigo Properties and Linkvest Capital, plan to develop a mixed-use project on the site, comprising of retail spaces and a storage facility. This acquisition allows Indigo Properties and Linkvest Capital to leverage their combined experience in commercial real estate.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,830,000
- Address: Northwest 138th Street & Northwest 107th Avenue
- Market: Hialeah Gardens
Alex Sanchez from Indigo Properties and Camilo Niño from Linkvest Capital were the key individuals involved in the transaction. The sellers of the property were The Alan Kombluh Revocable Trust, The Harris Family Living Trust, and The Sidney Crown Revocable Trust.
Players
Avenue Development Site Market Snapshot
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Deal FAQ
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