Updated Dec 12, 2024
Ares Management Acquires Industrial Property In Hialeah, Miami For $111.1M
4010 West 104th Street, Hialeah, Florida 33018, United States
$111,100,000
Building Size
—
Asset Type
Industrial
Closing
Apr 1, 2023
About this deal
AI
The industrial property located at 4010 W 104th Street in Hialeah, Miami has been sold. The property spans across 51 acres and is part of the industrial market. The sale took place on January 4, 2023.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $111,100,000
- Address: 4010 W 104th Street, Hialeah, Miami
- Market: Hialeah, Miami
- Acres: 51
The buyer of the property is Ares Management, represented by Michael Arougheti from Ares Management. The seller of the property is Florida East Coast Industries, represented by Henry Flagler.
On the Map
$111,100,000
Industrial
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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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93