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13951 NW 109th Ave

East Coast Properties & Commercial Real Estate Acquires Industrial Asset In Hialeah Gardens
SOLDIndustrial

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

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.

Players

Gabriel Garcia Menocal

NAI Global

Broker

$54.8M

vol

5 deals

Broker

Hialeah Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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