Unbranded Brewery Sells Industrial Property In Hialeah For $8 Million With Marcus & Millichap
SOLD
$8,000,000
Florida
See Similar DealsIndustrial32,000 SF
Sold 10/03/2024
SOLD
Unbranded Brewery Sells Industrial Property In Hialeah For $8 Million With Marcus & Millichap
1395 East 11th Avenue
See Similar DealsIndustrial32,000 SF
Sold 10/03/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$250
Total Square Footage:32,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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