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15801 NW 49th Ave, Hialeah,...

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

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

15801 NW 49th Ave, Hialeah, FL, 33014

$8,800,000

$58/SF

Building Size

150,000 SF

Asset Type

Industrial

Closing

Oct 13, 2017

AI

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 Konigsberg

Infinity Commercial Real Estate

Broker

$29.8M

vol

3 deals

Broker

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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93