Gus Fonte Sells Industrial Property In Hialeah For $6M With Brokers Raul Pino & Giovanni Gonzalez
SOLD
$6,000,000
Florida
See Similar DealsIndustrial39,567 SF
Sold 05/10/2022
SOLD
Gus Fonte Sells Industrial Property In Hialeah For $6M With Brokers Raul Pino & Giovanni Gonzalez
3500 NW 59th St, Hialeah, FL 33142
See Similar DealsIndustrial39,567 SF
Sold 05/10/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$151
Total Square Footage:39,567 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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