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Precision Trading Corp Sells Industrial Building To Warehomes Precision LLC In Hialeah, FL

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SOLD
$8,800,000

Florida

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Industrial150,000 SF
Sold 10/13/2017
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SOLD

Precision Trading Corp Sells Industrial Building To Warehomes Precision LLC In Hialeah, FL

15801 NW 49th Ave, Hialeah, FL, 33014

See Similar Deals
Industrial150,000 SF
Sold 10/13/2017
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$58
Total Square Footage:150,000 SF
Transaction Type:Sale

The industrial building located at 15801 NW 49th Ave in Hialeah, FL, 33014 was sold for $8,800,000.00. The property spans approximately 150,000 square feet and was acquired by Warehomes Precision LLC from Precision Trading Corp in a transaction that took place on October 13, 2017 in the Hialeah market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,800,000.00
  • Buyer: Warehomes Precision LLC
  • Seller: Precision Trading Corp
  • Address: 15801 NW 49th Ave, Hialeah, FL, 33014
  • Market: Hialeah

The buyer's representative Theodore (Ted) Konigsberg from Infinity Commercial Real Estate facilitated the deal for Warehomes Precision LLC. On the other side, Lee Katsikos from The Katsikos Group represented the seller, Precision Trading Corp. The property, under IU-2 zoning, holds potential for various industrial uses like manufacturing or technology. An interesting note is that prospective tenants include an indoor marijuana operation and FEMA, known for leasing a significant building in Doral recently, showcasing a diverse range of interested parties in the property.

Players

Theodore (Ted) Konigsberg
3 deals$29.8M volume
BROKER

Details

SOLD
IMAGE: 10/13/2017 ADDRESS: 15801 NW 49th Ave, Hialeah, FL, 33014 MARKET: Hialeah ASSET TYPE: Industrial BUYER'S REP: Theodore (Ted) Konigsberg(Infinity Commercial Real Estate) BUYER: Warehomes Precision LLC SELLER: Precision Trading Corp PRICE: $8,800,000.00 SF: 150000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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