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12601 Okeechobee Road

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

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

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$872.9M

vol

77 deals

Broker
Stefan Grosfeld

Stefan Grosfeld

Triarch Capital Group

Buyer

$152.3M

vol

11 deals

Buyer

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