Updated Oct 29, 2024
Timber Hill Group Acquires Industrial Asset In Hialeah Gardens For $8.1M
15545 Northwest 122nd Avenue, Hialeah, FL, USA
$8,100,000
$3/SF
Building Size
2,256,408 SF
Asset Type
Industrial
Closing
Nov 19, 2019
About this deal
AI
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.
On the Map
$8,100,000
$3/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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93