Spirit Master Funding X LLC Acquires Industrial Asset In Hialeah For $14.6M

A 137,872 square foot industrial property located at 5900 Northwest 176th Street in Hialeah has been sold for $14,600,000. The property was acquired by Spirit Master Funding X LLC, represented by Spirit Realty Capital, from Mac Papers, represented by David McGehee and Sutton McGehee. The purchase price equates to approximately $105 per square foot.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,600,000
• Address: 5900 Northwest 176th Street, Hialeah
• Market: Hialeah
• Buyer: Spirit Master Funding X LLC (Spirit Realty Capital)
• Seller: Mac Papers - David McGehee & Sutton McGehee
• Square Footage: 137,872
• Price per Square Foot: $105

The buyer, Spirit Master Funding X LLC, was represented by Spirit Realty Capital, while the seller, Mac Papers, was represented by David McGehee and Sutton McGehee. This transaction highlights the active industrial market in Hialeah and the involvement of key individuals and companies in the deal.