Chabeli Castillo Acquires Industrial Space In Hialeah For $1M
3880 W 104th St, Hialeah, Florida 33018, United States
Building Size
14,619 SF
Asset Type
Industrial
Closing
May 1, 2022
AI
A 5-year lease valued at $1,000,000.00 has been closed for an industrial property located at 4220 W 104th St in Hialeah. The property spans across 14,619 square feet and is available for lease under an NNN lease agreement.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,000,000.00
- Asking Rent: $10.25/ft.
- Square Footage: 14,619
- Lease Type: NNN Lease
Christopher Sutton serves as the landlord for this lease transaction. Chabeli Castillo of Beachfront Realty represented the tenant in this deal.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93