Updated Mar 23, 2026
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
32,869 SF
Asset Type
Industrial
Closing
Mar 9, 2026
About this deal
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.
On the Map
$8,100,000
$123/SF
Industrial
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Players
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