facebook
Traded Co logo
Submit

Wells Fargo Provides $32.8M Loan For Industrial Property In Hialeah

Property Image
FINANCED
$32,800,000

Florida

See Similar Deals
Industrial200,907 SF
Financed 05/11/2020
the dealplayerscompscontact
Property Image
FINANCED

Wells Fargo Provides $32.8M Loan For Industrial Property In Hialeah

4181 West 108th Street, Hialeah, FL, USA

See Similar Deals
Industrial200,907 SF
Financed 05/11/2020
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$163
Total Square Footage:200,907 SF
Transaction Type:Loan

Two industrial properties located at 4181 and 4241 West 108th Street in Hialeah, Florida have secured a loan through Wells Fargo. The loan amount of $32,800,000 will support the development and operations of these properties, which have a combined square footage of 200,907 and occupy 95 acres of land. These assets are owned by Florida East Coast Industries, with Kolleen Cobb representing the landlord. The transaction took place on May 11, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $32,800,000
  • Address: 4181 & 4241 West 108th Street (Building 27 & 28), Hialeah
  • Square Footage: 200,907
  • Total Land Area: 95 acres

Charles Scharf and Kolleen Cobb were involved in the loan transaction as representatives of Wells Fargo and Florida East Coast Industries, respectively. Their roles were crucial in facilitating the loan process and ensuring successful completion of the deal.

Players

LENDER

3 deals$164.6M volume
LANDLORD

Details

FINANCED
IMAGE: Charles Scharf & Kolleen Cobb DATE: 05/11/2021 ADDRESS: 4181 & 4241 West 108th Street (Building 27 & 28) MARKET: Hialeah ASSET TYPE: Industrial LENDER: Wells Fargo LANDLORD: Florida East Coast Industries - Kolleen Cobb LOAN AMOUNT: $32,800,000 SF: 200,907 ACRES: 95

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,800,000.00

Monthly NOI$218,666.67
Monthly Debt Service$207,318.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00