Ernesto Diaz Of Fausto Commercial Realty Consultants Represents Buyer In Hialeah Industrial Sale For $1.6M
SOLD
$1,600,000
Florida
See Similar DealsIndustrial14,154 SF
Sold 12/19/2024
SOLD
Ernesto Diaz Of Fausto Commercial Realty Consultants Represents Buyer In Hialeah Industrial Sale For $1.6M
5023 East 11th Avenue
See Similar DealsIndustrial14,154 SF
Sold 12/19/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$113
Total Square Footage:14,154 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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