Enrique Palacios Acquires Industrial Property In Hialeah For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsIndustrial4,407 SF
Sold 08/24/2022
SOLD
Enrique Palacios Acquires Industrial Property In Hialeah For $1.1M
2305 East 11th Avenue
See Similar DealsIndustrial4,407 SF
Sold 08/24/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$249
Total Square Footage:4,407 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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