Eduardo Cruz Acquires Hialeah Industrial Property For $4.2M
7635 West 28th Avenue
$4,200,000
$224/SF
Building Size
18,745 SF
Asset Type
Industrial
Closing
Nov 8, 2023
AI
An industrial property located at 7635 West 28th Avenue in Hialeah, Florida has recently been sold in a closed transaction. The property spans a total area of 18,745 square feet and was sold at a price of $4,200,000, resulting in a price per square foot of $224.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $4,200,000
- Address: 7635 West 28th Avenue, Hialeah, Florida
- Market: Hialeah
Eduardo Cruz has acquired the property from Armando Mendez. The deal was facilitated by Raul Pino, Pablo Vignolo, and Junior Ferrer from The Hype Real Estate Group, who represented both the buyer and the seller. These brokers specialize in sourcing off-market properties, focusing on industrial, retail, multifamily, and land assets. For inquiries or further information about their current off-market pipeline, they can be reached at 786-503-5583 or 305-303-3837.
It is important to note that no additional information was provided about the transaction.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93