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5023 East 11th Avenue

Ernesto Diaz Of Fausto Commercial Realty Consultants Represents Buyer In Hialeah Industrial Sale For $1.6M
SOLDIndustrial

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:

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.

Players

Ernesto Diaz

Fausto Commercial Realty Consultants

Broker

$10.7M

vol

5 deals

Broker

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