Updated Oct 28, 2024
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
About this deal
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.
On the Map
$6,530,540
$108/SF
Industrial
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Players
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