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
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