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
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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