Triarch Capital Acquires Industrial Property In Hialeah Gardens For $7.2M
12601 Okeechobee Road
$7,200,000
$27/SF
Building Size
266,413 SF
Asset Type
Industrial
Closing
Jan 31, 2023
AI
An industrial property located at 12601 Okeechobee Road in Hialeah Gardens has been sold for a price of $7,200,000. The property spans across 6.11 acres with a total lot size of 266,413 square feet, resulting in a price per square foot of $27 and a price per acre of $1,178,396. The transaction took place on January 31, 2023, involving the buyer, an affiliate of Triarch Capital Group represented by Stefan Grosfeld, and the seller, Essential Properties represented by Max Ivanov.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Lot Size: 266,413 square feet
- Price per Square Foot: $27
- Acres: 6.11
- Price per Acre: $1,178,396
The buyer's representatives in the deal were Jose Sasson Lerner and Roberto Susi from Axiom Capital Advisors. They specialize in sourcing and facilitating off-market transactions. For future opportunities, interested parties can contact Jose Sasson at 786-393-8089 or [email protected], or Roberto Susi at 305-528-3283 or [email protected].
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93