Wesley G Carter Acquires Warehouse In Hialeah, FL For $28.9M
SOLD
$28,980,000
Florida
See Similar DealsIndustrial85,479 SF
Sold 04/12/2022
SOLD
Wesley G Carter Acquires Warehouse In Hialeah, FL For $28.9M
421 West 1st Avenue, Hialeah, Florida 33012, United States
See Similar DealsIndustrial85,479 SF
Sold 04/12/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$339
Total Square Footage:85,479 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,545,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$102,959.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,379.98
Annual Debt Service$1,648,559.82
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