Updated Mar 3, 2026
Popular Community Bank Provides Acquisition Loan For Hialeah Distribution Center In Hialeah, FL
3130 West 15th Avenue
$5,537,500
$405/SF
Building Size
13,650 SF
Asset Type
Industrial
Closing
Jan 6, 2023
About this deal
AI
The Hialeah Distribution Center, located at 3130 W 15th Ave in Hialeah, FL, was involved in a recent loan transaction. The asset is an industrial property, and the loan was for the purpose of acquisition. The total loan amount was $5,537,500.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,537,500
- Address: Hialeah Distribution Center - 3130 W 15th Ave
- Market: Hialeah, FL
Popular Community Bank provided the loan for the acquisition of the Hialeah Distribution Center. The debt broker involved in the transaction was David Oheb from Meridian Capital Group. Representing the buyer in the deal was Shanna Naim from NDA Realty. The loan terms were based on a $10,000,000 purchase, with the loan amount covering $5,537,500.
This loan facilitated the expansion of a Los Angeles-based ecommerce business into Southern Florida. The financing transaction was closed by Meridian Capital Group within 45 days, despite it taking place during the year-end 2022 holidays.
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93