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1740 West 4th Avenue, Hiale...

Updated Dec 18, 2023

Steve Benjamin Acquires Industrial Property In Hialeah For $6.018M
SOLDIndustrial

Steve Benjamin Acquires Industrial Property In Hialeah For $6.018M

1740 West 4th Avenue, Hialeah, Florida 33012, United States

$6,018,000

$200/SF

Building Size

30,000 SF

Asset Type

Industrial

Closing

Oct 27, 2022

About this deal

AI

Located at 1740 W 4th Ave in Hialeah, this industrial property was recently sold for a price of $6,018,000. The transaction took place on 10/28/2022 and involved a total square footage of 30,000. With a price per square foot of $201, this sale represents a significant investment in the Hialeah market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,018,000
  • Square Footage: 30,000
  • Price per Square Foot: $201
  • Buyer: Steve Benjamin
  • Seller: Johny Di Felipo
  • Brokers: Frank Trelles & Brandon Careaga from State Street Realty and Fred Afif from Coldwell Banker Commercial

The acquisition of this industrial property was facilitated by the brokers involved in the deal. Frank Trelles and Brandon Careaga from State Street Realty, along with Fred Afif from Coldwell Banker Commercial, represented the buyer and seller respectively. Their expertise and negotiation skills played a crucial role in finalizing the transaction.

On the Map

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$6,018,000

$200/SF

Industrial

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Players

Frank Trelles

Vivo Real Estate Group

Broker

$125.2M

vol

44 deals

Broker
State Street Realty
State Street RealtyBrokerage
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Hialeah Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $200 per square foot on a published $6M for 30,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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