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215 West 75th Place

Justin Freedman Of Woodhill RE Acquires Industrial Asset In Hialeah For $26M
SOLDIndustrial

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

Tom O'Loughlin

CBRE

Broker

$831.7M

vol

56 deals

Broker

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