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O'Donnell Group Acquires Industrial Property In Hialeah For $7.6M

Property Image
SOLD
$7,600,000
Tom O'Loughlin
Paul Ahmed
Mackenzie Fry
+ 3

Florida

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Industrial76,227 SF
Sold 04/22/2020
the dealplayerscompscontact
Property Image
SOLD

O'Donnell Group Acquires Industrial Property In Hialeah For $7.6M

6501 NW 37th Ave, Miami, FL 33147, USA

See Similar Deals
Industrial76,227 SF
Sold 04/22/2020
Tom O'Loughlin
Paul Ahmed
Mackenzie Fry
+ 3
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:76,227 SF
Transaction Type:Sale

An industrial property located at 6501 Northwest 37th Ave in Hialeah has been sold for $7,600,000. The property spans across 76,227 square feet and was sold at a price of $99 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,600,000
  • Address: 6501 Northwest 37th Ave, Hialeah
  • Market: Hialeah

The buyer of this property is the O'Donnell Group, while the seller is JMMD Investment Group LLC, represented by Jimmy Ng. The transaction was facilitated by the brokers Paul Ahmed and Mackenzie Fry from CBRE, as well as Jake Zebede, Tom O'Loughlin, and Larry Genet, also from CBRE.

Players

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Mackenzie Fry
CBRE
Mackenzie Fry
7 deals$76.7M volume(954) 468-3069
BROKER
Jake Zebede
Trustone Realty Advisors
Jake Zebede
16 deals$333.7M volume
BROKER
Paul Ahmed
CBRE
Paul Ahmed
13 deals$262.9M volume
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
OG
O’Donnell Group
BUYER
JN
Jimmy Ng
2 deals$17.6M volume
SELLER

Details

SOLD
IMAGE: Jake Zebede, Tom O’Loughlin, Larry Genet, Mackenzie Fry & Paul Ahmed DATE: 04/22/2020 ADDRESS: 6501 Northwest 37th Ave MARKET: Hialeah ASSET TYPE: Industrial PRICE: $7,600,000 SF: 76,227 PPSF: $99 BUYER: O’Donnell Group SELLER: JMMD Investment Group LLC - Jimmy Ng BROKERS: Paul Ahmed & Mackenzie Fry; Jake Zebede, Tom O’Loughlin & Larry Genet - CBRE

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53