Updated May 12, 2025
258 W 24 LLC Acquires Industrial Property In Hialeah For $4.085 Million With Fausto Commercial's Representation
274 West 24th Street
$4,085,000
$272/SF
Building Size
14,996 SF
Asset Type
Industrial
Closing
Apr 10, 2025
About this deal
AI
An industrial asset located at 258-274 West 24th Street in Hialeah has successfully been sold for $4,085,000. The property spans 14,996 square feet and was transacted at a price per square foot of $272. The asset covers an acreage of 0.44.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,085,000
- Address: 258-274 West 24th Street
- Market: Hialeah
- Square Footage: 14,996
- Price Per Square Foot: $272
- Buyer: 258 W 24 LLC
- Seller: Avcon Industries LLC
- Brokers: Carlos Fausto Miranda, Markos Bertolotti & Yuniel De Varona - Fausto Commercial Realty Consultants
Markos Bertolotti represented the buyer, 258 W 24 LLC, while Yuniel De Varona and Carlos Fausto Miranda were the representatives for the seller, Avcon Industries LLC, facilitating this transaction in the industrial market.
On the Map
$4,085,000
$272/SF
Industrial
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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
3.88%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93