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Triarch Capital Acquires Industrial Property In Hialeah Gardens For $7.2M

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SOLD
$7,200,000

Florida

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Industrial266,413 SF
Sold 01/31/2023
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SOLD

Triarch Capital Acquires Industrial Property In Hialeah Gardens For $7.2M

12601 Okeechobee Road

See Similar Deals
Industrial266,413 SF
Sold 01/31/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$27
Total Square Footage:266,413 SF
Transaction Type:Sale

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

Jose Sasson Lerner
75 deals$827.5M volume(786) 393-8089
BROKER

Roberto Susi
AXIOM Capital Advisors
69 deals$870.7M volume
BROKER

Stefan Grosfeld
11 deals$152.3M volume
BUYER

Details

SOLD
IMAGE: Stefan Grosfeld, Jose Sasson Lerner & Roberto Susi DATE: 01/31/2023 ADDRESS: 12601 Okeechobee Road MARKET: Hialeah Gardens ASSET TYPE: Industrial BUYER: An Affiliate Of Triarch Capital Group - Stefan Grosfeld SELLER: Essential Properties - Max Ivanov BUYER'S REP: Jose Sasson Lerner & Roberto Susi (@RSusi29) - Axiom Capital Advisors SALE PRICE: $7,200,000 LOT SF: 266,413 ~ PPLSF: $27 ACRES: 6.11 ~ PPA: $1,178,396 NOTE FROM BUYER'S REP: We specialize in sourcing and facilitating off-market transactions, please feel free to reach out to Jose Sasson @ 786-393-8089 / [email protected] or Roberto Susi @ 305-528-3283 / [email protected] for future opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
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