CenterPoint Properties Acquires Warehouse In Hialeah For $61M
3880 West 104th Street, Hialeah, FL, USA
$61,000,000
$148/SF
Building Size
412,132 SF
Asset Type
Industrial
Closing
Jul 19, 2020
AI
The property involved in this transaction is a warehouse located at 3880 & 3980 South 104th Street in Hialeah. It was sold by Florida East Coast Industries, represented by Vincent Signorello, to CenterPoint Properties, represented by Bob Chapman. The sale took place on 07/20/2020 for a total price of $61,000,000. The warehouse has a total square footage of 412,132, resulting in a price per square foot of $148.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $61,000,000
- Address: 3880 & 3980 South 104th Street, Hialeah
- Seller: Florida East Coast Industries - Vincent Signorello
- Buyer: CenterPoint Properties - Bob Chapman
- Square footage: 412,132
- Price per square foot: $148
Bob Chapman, representing CenterPoint Properties, and Vincent Signorello, representing Florida East Coast Industries, were key individuals involved in this transaction.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93