CenterPoint Properties Trust Acquires Industrial Property In Hialeah From Flagler Global Logistics For $184M
SOLD
$184,000,000
Florida
See Similar DealsIndustrial
Sold 01/06/2021
SOLD
CenterPoint Properties Trust Acquires Industrial Property In Hialeah From Flagler Global Logistics For $184M
4210 West 108th Street, Hialeah, FL, USA
See Similar DealsIndustrial
Sold 01/06/2021
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 4210 & 4040 W. 108th Street in Hialeah has been sold for a price of $184,000,000. The transaction took place on January 6, 2021, and the buyer is CenterPoint Properties Trust represented by Bob Chapman. The seller of the property is Flagler Global Logistics.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $184,000,000
- Address: 4210 & 4040 W. 108th Street, Hialeah
- Market: Hialeah
Bob Chapman, representing CenterPoint Properties Trust, played a significant role as the buyer in the deal. On the other side, Flagler Global Logistics acted as the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$653,713.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$872,253.87
Annual Debt Service$10,467,046.47
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