Updated Oct 28, 2024
Dalfen Industrial Acquires 16.5 Acre Development Site In Hialeah For $26.4M
NW 97th Ave, Hialeah, FL 33018
$26,400,000
$88/SF
Building Size
298,354 SF
Asset Type
Development Site
Closing
Dec 15, 2021
About this deal
AI
A development site in Hialeah has been sold for a price of $26,400,000. The property, located at NW 97th Ave. & NW 165th St, spans across 16.5 acres. The sale was facilitated by CBRE brokers Christian Lee, Jose Lobon, Amy Julian, and Royce Rose. The buyer of the property is Dalfen Industrial, while the seller is Butters Group.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $26,400,000
- Address: NW 97th Ave. & NW 165th St
- Market: Hialeah
- Asset Type: Development Site
- Acres: 16.5
The deal involved the participation of CBRE brokers Christian Lee, Jose Lobon, Amy Julian, and Royce Rose. They represented the respective parties in the transaction. The property's sale price of $26,400,000 corresponds to a building square footage (BSF) of 298,354. The price per building square footage (PPBSF) is $88.
On the Map
$26,400,000
$88/SF
Development Site
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Players
Hialeah 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93