Updated Oct 29, 2024
H & M Developer LLC Acquires Industrial Property In Hialeah Gardens For $4.7M
10953 NW 138th St
$4,700,000
$50/SF
Building Size
93,654 SF
Asset Type
Industrial
Closing
Nov 7, 2022
About this deal
AI
H & M Developer LLC, represented by Harry and Joey Dornbusch, acquired an industrial property in Hialeah Gardens. The property, located at 10953 NW 138th St, spans a total area of 93,654 square feet. The transaction was facilitated by Daniel Pou and Jorge Alvarino from Horizon Properties, who represented the seller, Triangle Soccer LLC, owned by Juan and Carmen De Abreu. The sale price for the property was $4,700,000, resulting in a price per square foot of $50.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Square Footage: 93,654
- Address: 10953 NW 138th St, Hialeah Gardens
- Market: Hialeah Gardens
- Buyer: H & M Developer LLC - Harry and Joey Dornbusch
- Seller: Triangle Soccer LLC - Juan and Carmen De Abreu
- Seller's Representative: Daniel Pou & Jorge Alvarino - Horizon Properties
This transaction demonstrates H & M Developer LLC's strategic investment in an industrial property in Hialeah Gardens. The involvement of Daniel Pou and Jorge Alvarino from Horizon Properties as the seller's representatives highlights their expertise in facilitating such deals in the market. The acquisition of this property by H & M Developer LLC further solidifies their position in the industrial real estate sector.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93