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8020 West 20th Avenue

Rene Hernandez Acquires Industrial Property In Hialeah For $2.5M
SOLDIndustrial

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

Jason Abitbol

APEX Capital Realty

Broker

$179M

vol

26 deals

Broker

Rene Hernandez

Buyer

$14.9M

vol

4 deals

Buyer

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93