Updated Dec 21, 2023
Osmany And Noraima Martinez Acquire Manufacturing/Processing Facility In Hialeah, FL From James F. Murphy For $2.1M
500 W 84th StHialeah, FL 33014, USA
$2,100,000
$138/SF
Building Size
15,116 SF
Asset Type
Industrial
Closing
Jun 26, 2022
About this deal
AI
The manufacturing/processing property located at 500 W 84th St in Hialeah, FL was recently sold on June 27, 2022. The property spans 15,116 square feet and was sold for a total price of $2,100,000, resulting in a price per square foot of $138. The buyer of the property is Osmany Martinez and Noraima Martinez, while the seller is James F. Murphy.
Summary of transaction details
- Property Type: Manufacturing/Processing
- Transaction Amount: $2,100,000
- Address: 500 W 84th St, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Osmany Martinez & Noraima Martinez
- Seller: James F. Murphy
- Square Footage: 15,116
- Price per Square Foot: $138
Osmany Martinez and Noraima Martinez successfully purchased the manufacturing/processing property located at 500 W 84th St in Hialeah, FL. This transaction was made possible through the negotiations and representation of their broker, James F. Murphy.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93