NorthBridge Partners Acquires Industrial Property In Hialeah For $19.2M
5900 Northwest 176th Street, Hialeah, Florida 33015, United States
$19,200,000
$140/SF
Building Size
137,121 SF
Asset Type
Industrial
Closing
Jun 27, 2022
AI
Located at 5900 NW 176th St in Hialeah, this industrial property was recently sold in a closed transaction. The property spans across 137,121 square feet and was sold for a total of $19,200,000, resulting in a price per square foot of $140. The sale took place on June 28, 2022.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $19,200,000
- Buyer: NorthBridge Partners - Greg Lauze
- Seller: Spirit Realty
- Broker: Krupa Shah - Stream Capital Partners
The buyer in this transaction was NorthBridge Partners, represented by Greg Lauze. On the seller's side, Spirit Realty was involved in the deal. Krupa Shah from Stream Capital Partners acted as the broker for this transaction.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93