Updated Jan 31, 2025
Masciave LLC Acquires Industrial Warehouse In Hialeah For $3.5 Million With Bank Of America Financing
690 West 20th Street
$3,500,000
$216/SF
Building Size
16,170 SF
Asset Type
Industrial
Closing
Jan 27, 2025
About this deal
AI
Masciave LLC acquired an industrial warehouse located at 690 West 20th Street in Hialeah for $3.5 million. The property spans 16,170 square feet and is situated on 0.61 acres. Built in 1962, it was previously owned by MBCK Warehouses LLC, and the price per square foot stands at $216.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Buyer: Masciave LLC
- Seller: MBCK Warehouses LLC
- Buyer's Representative: Larry Hernandez - ABL Commercial Realty
- Seller's Representative: Markos Bertolotti - Fausto Commercial Realty Consultants
- Square Footage: 16,170
- Price Per Square Foot: $216
- Financing: Bank of America
The transaction involved key representatives, with Larry Hernandez serving as the buyer's representative from ABL Commercial Realty and Markos Bertolotti representing the seller through Fausto Commercial Realty Consultants. The deal reflects active engagement in the industrial market within Hialeah.
On the Map
$3,500,000
$216/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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93