Alex Llanes Purchases Industrial Property In Hialeah From Alex Ruiz For $4.5M
SOLD
$4,500,000
Florida
See Similar DealsIndustrial20,000 SF
Sold
SOLD
Alex Llanes Purchases Industrial Property In Hialeah From Alex Ruiz For $4.5M
7555 West 2nd Court
See Similar DealsIndustrial20,000 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:20000 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 7555 West 2nd Court, Hialeah. The sale price reached $4,500,000, encompassing a total square footage of 20,000, which equates to a price per square foot of $225.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 7555 West 2nd Court
- Market: Hialeah
- Square Footage: 20,000
- Price Per Square Foot: $225
- Buyer: Alex Llanes
- Seller: Alex Ruiz
- Brokers: Rene Vivo & Juliano Lopez - Vivo Real Estate Group
Alex Llanes is the buyer of the property, while Alex Ruiz serves as the seller in this transaction. The transaction was facilitated by brokers Rene Vivo and Juliano Lopez from Vivo Real Estate Group, representing both parties during the deal process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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