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

Property Image
SOLD
$4,385,000
Michael Foxwell
Daniel Cook
Andrew Easton

Florida

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Industrial50,242 SF
Sold
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SOLD

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

745 West 18th Street, Hialeah, FL, USA

See Similar Deals
Industrial50,242 SF
Sold
Michael Foxwell
Daniel Cook
Andrew Easton
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$87
Total Square Footage:50242 SF
Transaction Type:Sale

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
Andrew Easton
2 deals$6.4M volume(305) 812-2646
BROKER
Michael Foxwell
Michael Foxwell
1 deal$4.4M volume
BROKER
Daniel Cook
Cook Commercial Realty
Daniel Cook
3 deals$8.8M volume
BROKER

Details

SOLD
IMAGE: Daniel P. Cook, Andrew Easton & Michael Foxwell DATE: 03/17/2021 ADDRESS: 745 West 18th Street MARKET: Hialeah ASSET TYPE: Industrial BUYER: Elegant Beauty Supplies SELLER: ABC Properties Group BUYER'S REP: Andrew Easton & Michael Foxwell - The Easton Group SELLER'S REP: Daniel P. Cook - Cook Commercial Realty PRICE: $4,385,000 SF: 50,242 ~ PPSF: $87

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$233,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,578.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,787.14
Annual Debt Service$249,445.65