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2500 West 84th Street, Hial...

TA Realty Acquires Industrial Properties In Hialeah For $52M With Seller's Reps Mario Fernandez & Eugenio Cosculluela Jr
SOLDIndustrial

TA Realty Acquires Industrial Properties In Hialeah For $52M With Seller's Reps Mario Fernandez & Eugenio Cosculluela Jr

2500 West 84th Street, Hialeah, FL, USA

$52,000,000

$1,733/SF

Building Size

30,000 SF

Asset Type

Industrial

Closing

Dec 29, 2020

AI

The industrial properties located at 2500 W. 84th Street, 1604 W. 31st Place, and 2440 W. 8th Court in Hialeah have been sold in a recent transaction. The sale took place on December 30, 2020, with a total sale price of $52,000,000. The buyer, TA Realty represented by James Buckingham, acquired the properties from Cofe Properties, with Mario Fernandez and Eugenio Cosculluela Jr. acting as sellers.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $52,000,000
  • Address: 2500 W. 84th Street, 1604 W. 31st Place, & 2440 W. 8th Court, Hialeah
  • Market: Hialeah

TA Realty, represented by James Buckingham, made the purchase of these industrial properties in Hialeah from Cofe Properties, with Mario Fernandez and Eugenio Cosculluela Jr. acting as sellers. This deal represents a significant transaction in the industrial real estate market, showcasing the demand for properties in Hialeah. The specific details of the properties, including square footage and additional features, were not provided in the available information.

Players

Mario Fernandez

Florida Realty of Miami

Broker

$188.7M

vol

11 deals

Broker
James Buckingham

James Buckingham

TA Realty

Buyer

$870.8M

vol

11 deals

Buyer

Eugenio Cosculluela

Seller

$135.7M

vol

3 deals

Seller
CP
COFE PropertiesSeller

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93