Updated Oct 29, 2024
Wells Fargo Bank Provides $17M Loan For Industrial Property In Hialeah With Kolleen Cobb As Landlord
4151 West 108th Street, Hialeah, FL, USA
$17,000,000
$76/SF
Building Size
221,000 SF
Asset Type
Industrial
Closing
Jan 3, 2021
About this deal
AI
A $17,000,000 loan was secured for the industrial property located at 4151 W. 108th Street in Hialeah. The lender for this transaction was Wells Fargo Bank.
Summary of transaction details:
- Property Type: Industrial
- Loan Amount: $17,000,000
- Address: 4151 W. 108th Street, Hialeah
- Market: Hialeah
In addition to the loan, FECI - Kolleen Cobb acted as the landlord for this transaction.
The industrial loan at 4151 West 108th Street, Hialeah, FL, USA in Hialeah, Florida financed for $17M in 2021. The building is 221,000 square feet, implying about 76 per square foot on the published price. Named participants on the 4151 West 108th Street, Hialeah, FL, USA loan are Kolleen Cobb. This page is the Hialeah, Florida file for the 4151 West 108th Street, Hialeah, FL, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Hialeah sit in the Market section below. Filter that Hialeah industrial set by closing date to see what else financed near 4151 West 108th Street, Hialeah, FL, USA around 2021. Published consideration for 4151 West 108th Street, Hialeah, FL, USA is $17M, dated 2021. Cite this Wells Fargo Bank Provides $17M Loan For Industrial Property In Hialeah With Kolleen Cobb As Landlord loan when underwriting similar industrial product around Hialeah, Florida.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93