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1165 East 24th Street

Jorge Libra Acquires Industrial Asset In Hialeah For $2.45 Million With Skylar Stein As Buyer's Rep
SOLDIndustrial

Jorge Libra Acquires Industrial Asset In Hialeah For $2.45 Million With Skylar Stein As Buyer's Rep

1165 East 24th Street

$2,450,000

$226/SF

Building Size

10,800 SF

Asset Type

Industrial

Closing

Sep 20, 2024

AI

The property involved in this transaction is an industrial asset located at 1165 East 24th Street in the Hialeah market. The sale was completed at a price of $2,450,000, encompassing a total square footage of 10,800. The price per square foot for this transaction is $226.

Summary of transaction details:

This transaction involved Jorge Libra as the buyer, represented by Skylar Stein from Cushman & Wakefield. The seller was represented by Pablo Vignolo and Raul Pino from The Hype Real Estate Group, who are noted for finding off-market and well-priced opportunities throughout Florida.

Players

Skylar Stein

Cushman & Wakefield

Broker

$61.6M

vol

14 deals

Broker

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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93