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Steve Benjamin Acquires Industrial Property In Hialeah For $6.018M

Property Image
SOLD
$6,018,000

Florida

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Industrial30,000 SF
Sold 10/28/2022
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Property Image
SOLD

Steve Benjamin Acquires Industrial Property In Hialeah For $6.018M

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

See Similar Deals
Industrial30,000 SF
Sold 10/28/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:30,000 SF
Transaction Type:Sale

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.

Players

Frank Trelles
38 deals$90.3M volume(786) 302-1223
BROKER

State Street Realty
BROKERAGE

Details

SOLD
IMAGE: Frank Trelles & Brandon Careaga DATE: 10/28/2022 ADDRESS: 1740 W 4th Ave MARKET: Hialeah ASSET TYPE: Industrial BUYER: Steve Benjamin SELLER: Johny Di Felipo BROKERS: Frank Trelles (@FrankieTrelles), Brandon Careaga - State Street Realty (@StateStreetRealty) & Fred Afif - Coldwell Banker Commercial SALE PRICE: $6,018,000 SF: 30,000 ~ PPSF: $201

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$320,959.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,380.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,528.39
Annual Debt Service$342,340.68