O'Donnell Group Acquires Industrial Property In Hialeah For $7.6M
6501 NW 37th Ave, Miami, FL 33147, USA
$7,600,000
$99/SF
Building Size
76,227 SF
Asset Type
Industrial
Closing
Apr 21, 2020
AI
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
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93