Updated Dec 3, 2024
Terreno Realty Corp Acquires Industrial Property In Hialeah For $39.4M
4151 West 108th Street
$39,400,000
$178/SF
Building Size
221,000 SF
Asset Type
Industrial
Closing
Jul 15, 2020
About this deal
AI
An industrial property located at 4151 West 108th Street in Hialeah has been sold for a price of $39,400,000. The property spans 221,000 square feet and is situated on 11.4 acres of land. The sale price equates to approximately $178 per square foot, while the price per acre stands at $3,456,140. The transaction took place on July 15, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $39,400,000
- Property Size: 221,000 square feet
- Address: 4151 West 108th Street
- Market: Hialeah
- Acres: 11.4
- Price per Square Foot: $178
- Price per Acre: $3,456,140
The buyer of the property is Terreno Realty Corp, represented by Blake Baird and Michael A. Coke. The seller is Florida East Coast Industries.
On the Map
$39,400,000
$178/SF
Industrial
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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
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93