Timber Hill Group Acquires Industrial Asset In Hialeah Gardens For $8.1M
SOLD
Florida
See Similar DealsIndustrial2,256,408 SF
Sold 11/20/2019
SOLD
Timber Hill Group Acquires Industrial Asset In Hialeah Gardens For $8.1M
15545 Northwest 122nd Avenue, Hialeah, FL, USA
See Similar DealsIndustrial2,256,408 SF
Sold 11/20/2019
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$3
Total Square Footage:2,256,408 SF
Transaction Type:Sale
The industrial property located at 15545 Northwest 122nd Avenue in Hialeah Gardens has been sold for a total price of $8,100,000. The property spans a total area of 2,256,408 square feet, resulting in a price per square foot of $3.58. The sale took place on November 20, 2019.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,100,000
- Square Footage: 2,256,408
- Price per Square Foot: $3.58
- Market: Hialeah Gardens
The seller of the property was F&M Parking, while the buyer was the Timber Hill Group, represented by Cary Goldman. The deal was facilitated by Felix Rodriguez from Sunny Isles.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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