Updated Dec 4, 2024
Sunshine Gasoline Distributors Acquires Warehouse In Hialeah For $18.2M
2185 West 76th Street
$18,200,000
$364/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Jun 6, 2024
About this deal
AI
Located at 2185 West 76th Street in Hialeah, this industrial property spans 2.7 acres. The transaction involved Sunshine Gasoline Distributors, with Maximo Alvarez as the buyer, acquiring a 50,000-square-foot warehouse from Petroleum Equipment and Manufacturing Company for $18.2 million, equivalent to $364 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,200,000
- Buyer: Maximo Alvarez - Sunshine Gasoline Distributors
- Seller: Petroleum Equipment and Manufacturing Company
- Market: Hialeah
- SF: 50,000
- PPSF: $364
Sunshine Gasoline Distributors augmented its storage capacity through this acquisition, solidifying its presence in the industrial sector in Hialeah. The deal was facilitated by Maximo Alvarez representing Sunshine Gasoline Distributors in the transaction.
On the Map
$18,200,000
$364/SF
Industrial
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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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93