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7635 West 28th Avenue

Eduardo Cruz Acquires Hialeah Industrial Property For $4.2M
SOLDIndustrial

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

Raul Pino

The Hype Real Estate Group

Broker

$344.4M

vol

50 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93