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
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