Updated Oct 28, 2024
Wells Fargo Provides $32.8M Loan For Industrial Property In Hialeah
4181 West 108th Street, Hialeah, FL, USA
$32,800,000
$163/SF
Building Size
200,907 SF
Asset Type
Industrial
Closing
May 11, 2020
About this deal
AI
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
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93