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Hialeahww LLC Acquires Industrial Property In Hialeah For $11.6M

Property Image
SOLD
$11,575,000

Florida

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Industrial39,672 SF
Sold 07/29/2021
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Property Image
SOLD

Hialeahww LLC Acquires Industrial Property In Hialeah For $11.6M

7878 NW 103rd St, Hialeah, FL, USA

See Similar Deals
Industrial39,672 SF
Sold 07/29/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$291
Total Square Footage:39,672 SF
Transaction Type:Sale

The industrial property located at 7878 NW 103rd St in Hialeah has been sold for a price of $11,575,000. The property spans a total of 39,672 square feet, resulting in a price per square foot of $292. The transaction took place on July 29, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,575,000
  • Address: 7878 NW 103rd St, Hialeah
  • Market: Hialeah
  • Buyer: Hialeahww LLC
  • Seller: P.Shields Ferber Jr.
  • Square Footage: 39,672
  • Price Per Square Foot: $292

Hialeahww LLC acquired the property from P.Shields Ferber Jr. in this transaction. The deal represents a significant investment in the industrial market of Hialeah. The buyers and sellers involved in the transaction have not been further identified.

Players

2 deals$18.6M volume
SELLER

Details

SOLD
IMAGE: 07/29/2021 ADDRESS: 7878 NW 103rd St MARKET: Hialeah ASSET TYPE: Industrial BUYER: Hialeahww LLC SELLER: P.Shields Ferber Jr. SALE PRICE: $11,575,000 SF: 39,672 ~ PPSF: $292

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

$617,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,123.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,871.41
Annual Debt Service$658,456.86