Updated Oct 29, 2024
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
About this deal
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.
On the Map
$26,800,000
$114/SF
Industrial
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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