Justin Freedman Of Woodhill RE Acquires Industrial Asset In Hialeah For $26M
215 West 75th Place, 325 West 75th Place, 7550 West 2nd Court & 7620 West 2nd Court
$26,000,000
$41/SF
Building Size
632,076 SF
Asset Type
Industrial
Closing
Mar 22, 2024
AI
Located in Hialeah, the industrial property at 215-325 West 75th Place & 7550-7620 West 2nd Court was successfully sold in a recent transaction. The asset spans 158,019 square feet with a selling price of $26,000,000, equating to a price per square foot of $165. The buyer, Justin Freedman of Woodhill RE, completed the acquisition from seller Martin Segal. The sale was facilitated by brokers Larry Genet, Tom O'Loughlin, and Paul Siciliano from CBRE.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 215-325 West 75th Place & 7550-7620 West 2nd Court
- Market: Hialeah
- Square Footage: 158,019
- Buyer: Justin Freedman - Woodhill RE
- Seller: Martin Segal
- Brokers: Larry Genet, Tom O'Loughlin, & Paul Siciliano - CBRE
Congratulations were extended to Paul Siciliano and the Woodhill RE team by the involved brokers for successfully closing the deal.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93