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10953 NW 138th St

Updated Oct 29, 2024

H & M Developer LLC Acquires Industrial Property In Hialeah Gardens For $4.7M
SOLDIndustrial

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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Deal FAQ

About $50 per square foot on a published $4.7M for 93,654 square feet (2022).

Browse Hialeah industrial sales on Traded.

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

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