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
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.
Players
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
2.64%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93