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2775 East 10th Avenue

Ailema Gomez Acquires Industrial Property In East Hialeah For $1.65M
SOLDIndustrial

Ailema Gomez Acquires Industrial Property In East Hialeah For $1.65M

2775 East 10th Avenue

$1,650,000

$183,333/SF

Building Size

9 SF

Asset Type

Industrial

Closing

Nov 29, 2022

AI

The industrial property located at 2775 East 10th Lane in East Hialeah has been sold for $1,650,000. The property spans 9,600 square feet, resulting in a price per square foot of $172.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,650,000
  • Address: 2775 East 10th Lane
  • Market: East Hialeah
  • Buyer: Ailema Gomez
  • Seller: Mitchel Sabina
  • Broker: Brandon Dagnesses - Dags Group & Associates

The buyer of the property is Ailema Gomez, and the seller is Mitchel Sabina. The transaction was facilitated by Brandon Dagnesses from Dags Group & Associates.

Players

Brandon Dagnesses

Dags Group & Associates

Broker

$23.6M

vol

10 deals

Broker

Mitchel Sabina

Seller

$5M

vol

2 deals

Seller

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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93