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258 W 24 LLC Acquires Industrial Property In Hialeah For $4.085 Million With Fausto Commercial's Representation
SOLD
$4,085,000
Florida
See Similar DealsIndustrial14,996 SF
Sold 04/10/2025
SOLD
258 W 24 LLC Acquires Industrial Property In Hialeah For $4.085 Million With Fausto Commercial's Representation
274 West 24th Street
See Similar DealsIndustrial14,996 SF
Sold 04/10/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$272
Total Square Footage:14,996 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,513.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,364.98
Annual Debt Service$232,379.81
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