Updated Dec 3, 2024
Terreno Realty Corp. Acquires Industrial Assets In Hialeah From Florida East Coast Industries For $48.1M
4021 West 108th Street, Hialeah, FL, USA
$48,100,000
$175/SF
Building Size
274,000 SF
Asset Type
Industrial
Closing
Mar 17, 2021
About this deal
AI
The industrial property located at 4021 & 4071 West 108th St in Hialeah, was recently sold in a transaction. The property, spanning 274,000 square feet, was part of the market in Hialeah. The buyer, Terreno Realty Corp., acquired the property from the seller, Florida East Coast Industries. The sale took place on 03/18/2021 and the transaction amount was $48,100,000. The price per square foot was $176.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $48,100,000
- Address: 4021 & 4071 West 108th St
- Market: Hialeah
- SF: 274,000
- Price per square foot: $176
The buyers in this transaction, Terreno Realty Corp., acquired the industrial property from the sellers, Florida East Coast Industries. Blake Baird represented Terreno Realty Corp. from the agency, Terreno Realty Corp., and Vincent Signorello represented Florida East Coast Industries from the agency, Florida East Coast Industries.
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93