Updated Dec 4, 2024
East Coast Properties & Commercial Real Estate Acquires Industrial Asset In Hialeah Gardens
13951 NW 109th Ave
$9,600,000
$52/SF
Building Size
184,041 SF
Asset Type
Industrial
Closing
May 24, 2024
About this deal
AI
The industrial property located at 13951 Northwest 109th Avenue in Hialeah Gardens was involved in a recent sale transaction. The property spans 184,041 square feet and was sold for $9,600,000, equating to a price per square foot of $52.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,600,000
- Address: 13951 Northwest 109th Avenue
- Market: Hialeah Gardens
The transaction's key individuals included Miguelangel Salazar-Pesce and Azael Reyes from East Coast Properties & Commercial Real Estate, Enrique Jordan from Central Commercial Real Estate, as well as Gabriel Garcia Menocal, David Oxios, and Lucia Custer from NAI Capital.
On the Map
$9,600,000
$52/SF
Industrial
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Players
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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93