Longpoint Partners Acquires Industrial Asset In Hialeah Gardens From Lawrence Pena For $8.1M
SOLD
$8,100,000
Florida
See Similar DealsIndustrial65,738 SF
Sold 03/09/2026
SOLD
Longpoint Partners Acquires Industrial Asset In Hialeah Gardens From Lawrence Pena For $8.1M
9800 Northwest 79th Avenue & 9801 Nw 80 Ave
See Similar DealsIndustrial65,738 SF
Sold 03/09/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:65,738 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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