Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Square Footage: 32,000
- Price per Square Foot: $250
- Seller: Unbranded Brewery
- Date of Transaction: 10/03/2024
- Brokers: Jonathan De La Rosa @J_DLR_, Eduardo Toledo, and Hugo Cardona - Marcus & Millichap
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.
On the Map
$8,000,000
$250/SF
Industrial
View full map
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan De La Rosa to view all their deals.
Browse Hialeah industrial sales on Traded.
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