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4210 West 108th Street, Hia...

CenterPoint Properties Trust Acquires Industrial Property In Hialeah From Flagler Global Logistics For $184M
SOLDIndustrial

CenterPoint Properties Trust Acquires Industrial Property In Hialeah From Flagler Global Logistics For $184M

4210 West 108th Street, Hialeah, FL, USA

$184,000,000

Building Size

Asset Type

Industrial

Closing

Jan 5, 2021

AI

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.

Players

Bob Chapman

CenterPoint Properties

Buyer

$968.1M

vol

13 deals

Buyer

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

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93