Wesley G Carter Acquires Warehouse In Hialeah, FL For $28.9M
421 West 1st Avenue, Hialeah, Florida 33012, United States
$28,980,000
$339/SF
Building Size
85,479 SF
Asset Type
Industrial
Closing
Apr 11, 2022
AI
The warehouse located at 421 W 1st Ave in Hialeah, FL has been sold in a recent transaction. The property spans across an area of 85,479 square feet, and was sold for a total price of $28,980,000. This translates to a price per square foot of $339.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $28,980,000
- Address: 421 W 1st Ave, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Wesley G Carter
- Seller: Alan Hooper
- Square footage: 85,479 sq ft
- Price per square foot: $339
In this deal, Wesley G Carter has acted as the buyer, while Alan Hooper has been the seller.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93