Rene Hernandez Acquires Industrial Property In Hialeah For $2.5M
8020 West 20th Avenue
$2,500,000
$103/SF
Building Size
24,254 SF
Asset Type
Industrial
Closing
Oct 20, 2023
AI
The industrial property located at 8020 West 20th Avenue in Hialeah has been sold. The property spans 24,254 square feet with a sale price of $2,500,000, resulting in a price per square foot of $103. The building size is 12,216 square feet, equating to a price per building square foot of $205.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Square Footage: 24,254
- Price per Square Foot: $103
- Building Size: 12,216
- Price per Building Square Foot: $205
- Date of Transaction: 10/20/2023
- Market: Hialeah
The buyer of the property is Rene Hernandez. The seller is Jeanne Brickman, representing Brickman Bros. Acting as the seller's representatives are Jason Abitbol and Nico Vargas from APEX Capital Realty.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93