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.
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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