Updated Oct 23, 2026
Michael Elbaz Purchases Industrial Property In Hialeah From Ben Singfer For $7.7M
7620 West 2nd Court
$7,700,000
$212/SF
Building Size
36,263 SF
Asset Type
Industrial
Closing
Oct 21, 2026
About this deal
AI
The property asset involved in this transaction is an industrial space located at 7620 West 2nd Court in Hialeah. The sale was finalized at a transaction amount of $7,700,000 for a total square footage of 36,263, resulting in a price per square foot of $212.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,700,000
- Location: 7620 West 2nd Court, Hialeah
- Square Footage: 36,263
- Price Per Square Foot: $212
- Buyer: Michael Elbaz
- Seller: Ben Singfer
- Brokers: Juan Moscoso, Pablo Vignolo & Raul Pino - The Hype Real Estate Group
The deal involved key players from The Hype Real Estate Group, with brokers Juan Moscoso, Pablo Vignolo, and Raul Pino representing the transaction. The team noted their active role in managing multiple on and off-market opportunities throughout Florida, indicating their continuous commitment to facilitating property transactions in the region.
On the Map
$7,700,000
$212/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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93