Updated Oct 28, 2024
Terreno Realty Corporation Acquires Industrial Property In Hialeah For $74.1M
4181 West 108th Street, Hialeah, FL 33018
$74,100,000
$184/SF
Building Size
402,000 SF
Asset Type
Industrial
Closing
Dec 17, 2021
About this deal
AI
Terreno Realty Corporation, represented by Blake Baird, has acquired an industrial property located at 4181-4241 West 108th Street in Hialeah. The property spans approximately 19 acres in size and is valued at $74,100,000. The transaction took place on December 15, 2021.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $74,100,000 (Approx)
- Square Footage: 402,000
- Price per Square Foot: $184
- Address: 4181-4241 West 108th Street, Hialeah
- Market: Hialeah
Terreno Realty Corporation, a real estate firm led by Blake Baird, successfully completed the acquisition of this industrial property. The deal reflects the company's strategic investment in the Hialeah market. The property encompasses 402,000 square feet and is situated on 19 acres of land.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93