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1000 Southeast 8th Street, ...

Wheelock Street Capital & Mitchell Property Realty Acquires Industrial Property In Hialeah For $26.8M
SOLDIndustrial

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

Barry Katz

Broker

$30.1M

vol

2 deals

Broker
Wheelock Street Capital
Wheelock Street CapitalBuyer

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