Barn Again Venture Acquires Industrial Property In East Hialeah From Richard Kronenberg Trust
6950 Northwest 37th Avenue, Hialeah, FL, USA
$4,750,000
$86/SF
Building Size
55,000 SF
Asset Type
Industrial
Closing
Apr 29, 2021
AI
Located in East Hialeah, the industrial property at 6950 NW 37th Avenue, 1450 E 11 Ct, 392 & 400 E 10th Ct has been sold. The transaction occurred on April 30, 2021, and the property spans approximately 55,000 square feet. The sale price for the property was $4,750,000, resulting in a price per square foot of $86.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,750,000
The buyer in this transaction was Barn Again Venture, while the seller was Richard Kronenberg Trust. Alfredo Riascos from Gridline Properties represented Barn Again Venture as their buyer's representative. Gabriel Simkin served as the seller's representative.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93