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
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93