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745 West 18th Street, Hiale...

Elegant Beauty Supplies Acquires Industrial Property In Hialeah For $4.4M
SOLDIndustrial

Elegant Beauty Supplies Acquires Industrial Property In Hialeah For $4.4M

745 West 18th Street, Hialeah, FL, USA

$4,385,000

$87/SF

Building Size

50,242 SF

Asset Type

Industrial

Closing

Mar 16, 2021

AI

The property asset involved in the transaction is located at 745 West 18th Street in Hialeah. The industrial asset is valued at $4,385,000 and has a total square footage of 50,242, resulting in a price per square foot of $87.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,385,000
  • Address: 745 West 18th Street
  • Market: Hialeah
  • Square Footage: 50,242
  • Price per Square Foot: $87
  • Buyer: Elegant Beauty Supplies
  • Seller: ABC Properties Group
  • Buyer's Representative: Andrew Easton & Michael Foxwell - The Easton Group
  • Seller's Representative: Daniel P. Cook - Cook Commercial Realty

This transaction highlights key representatives involved in the deal. Andrew Easton and Michael Foxwell represented the buyer, Elegant Beauty Supplies, while Daniel P. Cook represented the seller, ABC Properties Group.

Players

Andrew Easton

The Easton Group

Broker

$6.4M

vol

2 deals

Broker

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

3.62%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93