Life Healthcare Services Acquires Industrial Property At 847 West 17th Street For $2 Million
847 West 17th Street
$2,000,000
$166/SF
Building Size
12,051 SF
Asset Type
Industrial
Closing
Nov 5, 2024
AI
A 12,051 SF industrial warehouse located at 847 West 17th Street in the Hialeah market was sold for $2,000,000. The property sits on a 0.46-acre lot and is zoned M-1. The transaction involved $1.5 million in seller-carry financing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Square Footage: 12,051 SF
- Address: 847 West 17th Street
- Market: Hialeah
- Buyer: Life Healthcare Services
- Seller: Miriam Geller
- Broker: Nico Vargas - APEX Capital Realty
- Price per Square Foot: $166
The transaction was facilitated by Nico Vargas from APEX Capital Realty, who represented both parties involved in the deal. Life Healthcare Services acquired the property from Miriam Geller, marking a significant acquisition in the industrial market.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93