Updated Oct 28, 2024
5400 NW 163 LLC Acquires Industrial Property In Hialeah For $7.75M
5400 Northwest 163rd Street, Hialeah, FL, USA
$7,750,000
$145/SF
Building Size
53,200 SF
Asset Type
Industrial
Closing
Oct 21, 2021
About this deal
AI
The industrial property located at 5400 NW 163rd St in Hialeah has been sold. The transaction took place on October 22, 2021. The property spans 53,200 square feet and was sold for a price of $7,750,000, resulting in a price per square foot of $146. The buyer of the property is 5400 NW 163 LLC, while the seller is Virginia Gress.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Address: 5400 NW 163rd St
- Market: Hialeah
- Buyer: 5400 NW 163 LLC
- Seller: Virginia Gress
- Square Footage: 53,200
- Price Per Square Foot: $146
This transaction involved 5400 NW 163 LLC as the buyer and Virginia Gress as the seller. Both parties played a crucial role in finalizing the deal.
Players
Miami Lakes 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93