Updated Oct 28, 2024
Holderman Holdings Acquires Industrial Property In Hialeah For $2.3M
1677 West 31st Place, Hialeah, Florida 33012, United States
$2,300,000
$142/SF
Building Size
16,100 SF
Asset Type
Industrial
Closing
Dec 30, 2021
About this deal
AI
Located in Hialeah's industrial market, an industrial property located at 1677 W 31st Ave has been sold. The sale took place on December 30, 2021, and was facilitated by Raul Pino from The Hype Real Estate Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Property Address: 1677 W 31st Ave
- Market: Hialeah
- Buyer: Holderman Holdings - Meg Holderman
- Seller: 1677 Building - David Tibbs
The property spans across 16,100 square feet, resulting in a price per square foot of $143.
It's important to note that this property was quickly placed under contract within 24 hours after Raul Pino sourced the deal. The Hype Real Estate Group specializes in sourcing off-market deals throughout Florida to fulfill both buyer and seller requirements. For those looking to buy or sell commercial properties, reaching out to The Hype Real Estate Group can be a beneficial choice.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Raul Pino to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93