EverWest Acquires Industrial Property In Hialeah, Florida For $13.1M
SOLD
$13,100,000
Florida
See Similar DealsIndustrial1,600,000 SF
Sold 10/20/2020
SOLD
EverWest Acquires Industrial Property In Hialeah, Florida For $13.1M
1101 E 33rd St, Hialeah, FL 33013, USA
See Similar DealsIndustrial1,600,000 SF
Sold 10/20/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$8
Total Square Footage:1,600,000 SF
Transaction Type:Sale
The industrial property located at 1101 East 33rd Street in Hialeah, Florida has been sold for a total price of $13,100,000. The property spans across 160,000 square feet, resulting in a price per square foot of $81.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,100,000
- Square Footage: 160,000
- Price per Square Foot: $81
- Address: 1101 East 33rd Street, Hialeah, Florida
- Market: Hialeah, Florida
The buyer for this transaction is EverWest. The deal was facilitated by Andrew Gurewitsch and Vincent Pastore from Metro1CRE representing EverWest.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$698,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,541.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,100.68
Annual Debt Service$745,208.20
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