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
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.
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