Rene Hernandez & Jessica Hernandez Acquire Industrial Property In Hialeah, FL For $4.2M
SOLD
Florida
See Similar DealsIndustrial21,423 SF
Sold 04/21/2022
SOLD
Rene Hernandez & Jessica Hernandez Acquire Industrial Property In Hialeah, FL For $4.2M
2290 West 77th Street, Hialeah, Florida 33016, United States
See Similar DealsIndustrial21,423 SF
Sold 04/21/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$196
Total Square Footage:21,423 SF
Transaction Type:Sale
The industrial property located at 2290 W 77th St in Hialeah, FL was recently sold in a transaction that took place on April 21, 2022. The property spans a total of 21,423 square feet and was sold for a price of $4,200,000, resulting in a price per square foot of $196.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 2290 W 77th St, Hialeah, FL
- Market: Hialeah, FL
- Square Footage: 21,423
- Buyer: Rene Hernandez & Jessica Hernandez
- Seller: Rene Vivo Jr
The buyers of the property are Rene Hernandez and Jessica Hernandez. On the other hand, Rene Vivo Jr acted as the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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