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9800 Northwest 79th Avenue

Longpoint Partners Acquires Industrial Asset In Hialeah Gardens From Lawrence Pena For $8.1M
SOLDIndustrial

Longpoint Partners Acquires Industrial Asset In Hialeah Gardens From Lawrence Pena For $8.1M

9800 Northwest 79th Avenue & 9801 Nw 80 Ave

$8,100,000

$123/SF

Building Size

65,738 SF

Asset Type

Industrial

Closing

Mar 9, 2026

AI

This transaction involves an industrial asset located at 9800 Northwest 79th Avenue & 9801 Northwest 80th Avenue in Hialeah Gardens. The property was acquired for a total of $8,100,000, encompassing a substantial area of 32,869 square feet, translating to a price per square foot of $246.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,100,000
  • Buyer: Longpoint Partners
  • Seller: Lawrence Pena
  • Broker: Will Falero - Pro Industrial
  • Sale Date: 03/09/2026
  • Sale Type: Sale/Leaseback transaction

Will Falero represented Pro Industrial in the transaction, facilitating the agreement between Longpoint Partners and Lawrence Pena. This transaction highlights the involvement of experienced individuals in the industrial property sector.

Players

Will Falero

Pro Industrial

Broker

$54.3M

vol

5 deals

Broker
LP
Longpoint PartnersBuyer

Hialeah Gardens 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

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93