Updated Oct 29, 2024
Zaragon Inc Acquires Industrial Property In Hialeah For $7.55M
7400 NW 37th Ave, Miami, FL 33147, USA
$7,550,000
$7/SF
Building Size
1,050,000 SF
Asset Type
Industrial
Closing
May 17, 2020
About this deal
AI
The industrial property located at 7400 NW 37th Ave in Hialeah has been sold for a price of $7,550,000. The property spans across 105,000 square feet, resulting in a price per square foot of $71. The buyer of the property is Zaragon Inc, while the seller is RAM Steel Framing. The transaction was facilitated by brokers David Duckworth, Michael T. Fay, John K. Crotty, Brian C. de la Fé, Berkley Bloodworth, and Emily Brais.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,550,000
- Address: 7400 NW 37th Ave, Hialeah
- Market: Hialeah
- Square Footage: 105,000
- Price per Square Foot: $71
- Buyer: Zaragon Inc
- Seller: RAM Steel Framing
- Brokers: David Duckworth, Michael T. Fay, John K. Crotty, Brian C. de la Fé, Berkley Bloodworth, and Emily Brais
The deal involved a collaboration between several key individuals and companies. The brokers who played a role in this transaction include David Duckworth, Michael T. Fay, John K. Crotty, Brian C. de la Fé, Berkley Bloodworth, and Emily Brais. Their expertise and efforts contributed to the successful completion of this industrial property sale in Hialeah.
On the Map
$7,550,000
$7/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
2.10%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93