Updated Dec 20, 2023
Gus Fonte Sells Industrial Property In Hialeah For $6M With Brokers Raul Pino & Giovanni Gonzalez
3500 NW 59th St, Hialeah, FL 33142
$6,000,000
$151/SF
Building Size
39,567 SF
Asset Type
Industrial
Closing
May 9, 2022
About this deal
AI
The industrial property located at 3500 NW 59th St in Hialeah was recently sold in an off-market transaction. The property spans a total of 39,567 square feet and was sold for a price of $6,000,000, which translates to a price per square foot of $152. The transaction took place on 05/10/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 3500 NW 59th St, Hialeah
- Market: Hialeah
- Seller: Gus Fonte
- Brokers: Raul Pino & Giovanni Gonzalez - The Hype Real Estate Group
The Hype Real Estate Group, represented by brokers Raul Pino and Giovanni Gonzalez, specializes in sourcing well-priced off-market deals in Miami. With a focus on building relationships with sellers, they consistently find the right investment opportunities for their clients. For more information about their services, reach out to The Hype Real Estate Group and discover what makes them stand out.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93