Updated Sep 9, 2024
Enrique Palacios Acquires Industrial Property In Hialeah For $1.1M
2305 East 11th Avenue
$1,100,000
$249/SF
Building Size
4,407 SF
Asset Type
Industrial
Closing
Aug 24, 2022
About this deal
AI
The industrial property located at 2305 E 11th Ave in Hialeah has been sold for $1,100,000. The property spans 4,407 square feet, resulting in a price per square foot of $250.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Address: 2305 E 11th Ave, Hialeah
- Square Footage: 4,407
- Price per Square Foot: $250
- Buyer: Enrique Palacios
- Seller: Antonio E. Miralles
- Seller's Representative: Daniel Vera & Julio A Vera - Century 21 Dream Life Realty
Enrique Palacios has acquired the industrial property from Antonio E. Miralles. Representing the seller in this transaction were Daniel Vera and Julio A Vera of Century 21 Dream Life Realty.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93