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6721 Northwest 36th Avenue,...

Forte Capital Management Sells Industrial Property In Hialeah For $6.5M With CBRE
SOLDIndustrial

Forte Capital Management Sells Industrial Property In Hialeah For $6.5M With CBRE

6721 Northwest 36th Avenue, Hialeah, FL, USA

$6,530,540

$108/SF

Building Size

60,000 SF

Asset Type

Industrial

Closing

May 19, 2021

AI

Located at 6721 NW 36th Avenue in Hialeah, this industrial property was recently sold in a closed transaction. The property spans across 60,000 square feet, with a sale price of $6,530,540, resulting in a price per square foot of $109. Sitting on 2.62 acres, the price per acre for this property amounts to $2,492,573. Forte Capital Management served as the seller in this transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,530,540
  • Address: 6721 NW 36th Avenue
  • Market: Hialeah

The transaction was facilitated by CBRE, with Larry Genet, Tom O’Loughlin, and Jake Zebede representing them as brokers on behalf of the seller, Forte Capital Management. Together, they successfully closed this industrial deal in Hialeah, showcasing their expertise and negotiation skills.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker
FM
Forte Capital ManagementSeller

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

2.43%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93