Ernesto Diaz Of Fausto Commercial Realty Consultants Represents Buyer In Hialeah Industrial Sale For $1.6M
5023 East 11th Avenue
$1,600,000
$113/SF
Building Size
14,154 SF
Asset Type
Industrial
Closing
Dec 19, 2024
AI
The property involved in this transaction is an industrial asset located at 5023 East 11th Avenue in Hialeah. It was sold for $1,600,000, encompassing a total area of 14,154 square feet, which breaks down to a price per square foot of $113.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 5023 East 11th Avenue
- Market: Hialeah
- Square Footage: 14,154
- Price per Square Foot: $113
- Buyer: Ernesto Diaz
- Seller: Giancarlo Rodriguez
- Broker: Ernesto Diaz - Fausto Commercial Realty Consultants
Key individuals in this transaction include buyer Ernesto Diaz, who also served as the broker representing himself, and seller Giancarlo Rodriguez. The broker affiliated with the sale was Fausto Commercial Realty Consultants.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93