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4121 W 91st Pl

Ashley Powell Of Property Reserve Acquires Industrial Warehouse From Armando Codina For $58.94M
SOLDIndustrial

Ashley Powell Of Property Reserve Acquires Industrial Warehouse From Armando Codina For $58.94M

4121 W 91st Pl

$58,940,000

$293/SF

Building Size

200,600 SF

Asset Type

Industrial

Closing

Mar 31, 2025

AI

An industrial property was sold at 4121 West 91st Place in Hialeah, comprising a total space of 200,600 square feet. The sale price of the property was $58,940,000. This facility, part of Beacon Logistics Park, is situated on 10.6 acres and includes features such as 36-foot clear heights.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $58,940,000
  • Address: 4121 West 91st Place
  • Market: Hialeah
  • Square Footage: 200,600
  • Price Per Square Foot: $294
  • Buyer: Ashley Powell - Property Reserve
  • Seller: Armando Codina - Codina Partners

The transaction involved Ashley Powell representing Property Reserve, which is the real estate arm of the Church of Jesus Christ of Latter-Day Saints, acquiring the property from Armando Codina, who represents Codina Partners in this deal.

Players

Ashley Powell

Property Reserve

Buyer

$233.3M

vol

4 deals

Buyer
Armando Codina

Armando Codina

Codina Partners

Seller

$736M

vol

13 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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93