Wheelock Street Capital & Mitchell Property Realty Acquires Industrial Property In Hialeah For $26.8M
1000 Southeast 8th Street, Hialeah, FL, USA
$26,800,000
$114/SF
Building Size
234,146 SF
Asset Type
Industrial
Closing
Nov 3, 2019
AI
The industrial property located at 1000 Southeast 8th Street in Hialeah has been sold for $26,800,000. The transaction took place on 11/04/2019 and involved Meuchadim of Florida LP as the seller and Wheelock Street Capital & Mitchell Property Realty as the buyer. The property spans 234,146 square feet, resulting in a price per square foot of $114.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,800,000
- Address: 1000 Southeast 8th Street, Hialeah
- Market: Hialeah
- Seller: Meuchadim of Florida LP
- Buyer: Wheelock Street Capital & Mitchell Property Realty
- Brokers: Andrew Gurewitsch, Harry Weisman - Windsor Realty Partners, Barry Katz - Global Connections Realty
- Square Footage: 234,146
- Price per Square Foot: $114
Andrew Gurewitsch and Harry Weisman from Windsor Realty Partners, along with Barry Katz from Global Connections Realty, served as the brokers in this transaction.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93