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847 West 17th Street

Life Healthcare Services Acquires Industrial Property At 847 West 17th Street For $2 Million
SOLDIndustrial

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

Nico Vargas

APEX Capital Realty

Broker

$4.5M

vol

2 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93