Mark Feldman Sells Industrial Property At 2605 West 6th Avenue Hialeah For $2.85M
2605 West 6th Avenue
$2,850,000
$205/SF
Building Size
13,862 SF
Asset Type
Industrial
Closing
Nov 5, 2024
AI
The industrial property located at 2605 West 6th Avenue in Hialeah has been sold for $2,850,000. This asset encompasses 13,862 square feet, translating to a price per square foot of $205. The transaction reflects the ongoing interest in the industrial real estate sector in Florida.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,850,000
- Address: 2605 West 6th Avenue
- Market: Hialeah
- Square Footage: 13,862
- Price Per Square Foot: $205
- Seller: Mark Feldman
- Broker Representatives: Raul Pino, Junior Ferrer & Pablo Vignolo - The Hype Real Estate Group
The individuals representing the deal include Raul Pino, Junior Ferrer, and Pablo Vignolo from The Hype Real Estate Group. They have a focus on identifying off-market and competitively priced opportunities across various sectors in Florida, including industrial, retail, land, and multifamily.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93