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3880 West 104th Street, Hia...

CenterPoint Properties Acquires Warehouse In Hialeah For $61M
SOLDIndustrial

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

Bob Chapman

CenterPoint Properties

Buyer

$968.1M

vol

13 deals

Buyer

Vincent Signorello

Florida East Coast Industries

Seller

$89M

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93