facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

7400 NW 37th Ave, Miami, FL...

Zaragon Inc Acquires Industrial Property In Hialeah For $7.55M
SOLDIndustrial

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

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.

Players

Emily Brais

Avison Young

Broker

$97.1M

vol

9 deals

Broker
ZI
Zaragon Inc.Buyer

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

2.10%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93