Updated Dec 20, 2023
Viamrata Mehta Acquires Manufacturing/Processing Property In Hialeah, FL For $3.1M
570 West 20th Street, Hialeah, Florida 33010, United States
$3,100,000
$161/SF
Building Size
19,200 SF
Asset Type
Industrial
Closing
Aug 7, 2022
About this deal
AI
570 W 20th St in Hialeah, FL has been sold on August 8, 2022. The property is a manufacturing/processing facility with a total area of 19,200 square feet. The transaction amount was $3,100,000, resulting in a price per square foot of $161.
Summary of transaction details
- Property Type: Manufacturing/Processing
- Transaction Amount: $3,100,000
- Address: 570 W 20th St, Hialeah, FL
- Buyer: Viamrata Mehta
- Seller: Premchan Rampersad
- Square Footage: 19,200
- Price per Square Foot: $161
Viamrata Mehta acted as the buyer in this transaction, while Premchan Rampersad served as the seller. This deal represents a successful transfer of ownership for the manufacturing/processing property at 570 W 20th St in Hialeah, FL.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93