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
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.
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