Updated Dec 21, 2023
Frederik Vandermarliere & Cory Bappert Acquire Warehouse In Hialeah, FL For $7.95M
16500 Northwest 52nd Avenue, Hialeah Lakes, Florida 33014, United States
$7,950,000
$169/SF
Building Size
46,800 SF
Asset Type
Industrial
Closing
Jan 10, 2022
About this deal
AI
An industrial warehouse located at 16500 Nw 52nd Ave in Hialeah, FL has been sold in a recent transaction. The property spans a total of 46,800 square feet and was sold for a price of $7,950,000. With a price per square foot of $169, this warehouse presents a valuable investment opportunity for the new owner.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $7,950,000
- Address: 16500 Nw 52nd Ave, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Frederik Vandermarliere & Cory Bappert
- Seller: Ricardo Jalube
- Square Footage: 46,800
- Price per Square Foot: $169
Frederik Vandermarliere & Cory Bappert acted as the buyers in this transaction, while Ricardo Jalube represented the seller. The successful sale of this industrial warehouse highlights the demand for commercial properties in the Hialeah, FL market.
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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93