Ariel Rodríguez Acquires Industrial Asset In Hallandale Beach From Raul Medina For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsIndustrial6,858 SF
Sold 10/23/2025
SOLD
Ariel Rodríguez Acquires Industrial Asset In Hallandale Beach From Raul Medina For $3.4M
2570 South Park Road
See Similar DealsIndustrial6,858 SF
Sold 10/23/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$495
Total Square Footage:6,858 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 2570 South Park Road in Hallandale Beach. The property was sold for $3,400,000 and has a total square footage of 6,858, resulting in a price per square foot of $495.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Sale Date: 10/23/2025
- Buyer: Ariel Rodríguez
- Seller: Raul Medina
- Broker: George Smith - Smith Commercial Property Group
The transaction was facilitated by broker George Smith, who represents Smith Commercial Property Group. The broker has extended an invitation to contact him for warehouse selling opportunities off-market at competitive pricing.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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