Updated Oct 29, 2024
TA Realty Acquires Industrial Property In Hialeah Gardens For $25.8M
14001 Northwest 112th Avenue, Hialeah, FL 33018
$25,800,000
$167/SF
Building Size
154,121 SF
Asset Type
Industrial
Closing
Apr 18, 2021
About this deal
AI
An industrial property located at 14001 NW 112th Ave in Hialeah Gardens has been sold for $25,800,000. The property spans a total of 154,121 square feet and is situated on a 10-acre lot. The sale price equates to approximately $167 per square foot, with a price per acre of $2,580,000. The transaction took place on April 19, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,800,000
- Address: 14001 NW 112th Ave
- Market: Hialeah Gardens
- Square Footage: 154,121
- Price per Square Foot: $167
- Lot Size: 10 acres
- Price per Acre: $2,580,000
The buyer of the property is TA Realty, represented by James Buckingham, Michael Haggerty, and James Raisides. On the other hand, the seller is EverWest Real Estate Investors, with Rick Stone as their representative. The deal was facilitated by brokers Jose Lobon and Christian Lee from CBRE.
On the Map
$25,800,000
$167/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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93