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1395 East 11th Avenue

Unbranded Brewery Sells Industrial Property In Hialeah For $8 Million With Marcus & Millichap
SOLDIndustrial

Unbranded Brewery Sells Industrial Property In Hialeah For $8 Million With Marcus & Millichap

1395 East 11th Avenue

$8,000,000

$250/SF

Building Size

32,000 SF

Asset Type

Industrial

Closing

Oct 3, 2024

AI

The property asset involved in this transaction is an industrial space located at 1395 East 11th Avenue in the Hialeah market. The sale price of the asset was $8,000,000, and it encompasses a total square footage of 32,000, resulting in a price per square foot of $250.

Summary of transaction details:

The brokerage team facilitating this transaction included Jonathan De La Rosa, Eduardo Toledo, and Hugo Cardona, who represented the seller, Unbranded Brewery. Their involvement highlights the collaborative effort of experienced agents in the successful completion of this industrial property sale.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$672.6M

vol

148 deals

Broker

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93