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:
- Property Type: Industrial
- Transaction Amount: $2,450,000
- Address: 1165 East 24th Street
- Market: Hialeah
- Square Footage: 10,800
- Price Per Square Foot: $226
- Buyer: Jorge Libra
- Buyer's Representative: Skylar Stein - Cushman & Wakefield
- Seller's Representatives: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
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
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