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4281 West 108th Street, Hia...

Terreno Realty Corporation Acquires Industrial Property In Hialeah For $73.2M
SOLDIndustrial

Terreno Realty Corporation Acquires Industrial Property In Hialeah For $73.2M

4281 West 108th Street, Hialeah, Florida 33018, United States

$73,200,000

$179/SF

Building Size

407,000 SF

Asset Type

Industrial

Closing

Feb 8, 2022

AI

Terreno Realty Corporation, represented by Blake Baird and Michael A. Coke, recently completed the purchase of an industrial property located at 4281-4341 West 108th Street in Hialeah. The property spans approximately 19.8 acres and offers a total square footage of 407,000. The sale price for this transaction was approximately $73,200,000, resulting in a price per square foot of $180.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $73,200,000 (Approx.)
  • Address: 4281-4341 West 108th Street, Hialeah
  • Market: Hialeah
  • Acreage: 19.8 acres
  • Square Footage: 407,000

The acquisition was led by Terreno Realty Corporation, with Blake Baird and Michael A. Coke representing the buyer. They successfully closed the deal, further expanding Terreno Realty Corporation's portfolio in the industrial property sector.

Players

Blake Baird

Terreno Realty Corporation

Buyer

$2B

vol

55 deals

Buyer

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93