Antonio And Martin Nicholls Acquire Manufacturing/Processing Property In Hialeah, FL For $4.1M
SOLD
$4,100,000
Florida
See Similar DealsIndustrial22,985 SF
Sold 06/01/2022
SOLD
Antonio And Martin Nicholls Acquire Manufacturing/Processing Property In Hialeah, FL For $4.1M
995 Southeast 12th Street, Hialeah, Florida 33010, United States
See Similar DealsIndustrial22,985 SF
Sold 06/01/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:22,985 SF
Transaction Type:Sale
The manufacturing/processing property located at 995 SE 12th St in Hialeah, FL has been sold for a price of $4,100,000. The property spans across 22,985 square feet, resulting in a price per square foot of $178.
Summary of transaction details
- Property Type: Manufacturing/Processing
- Transaction Amount: $4,100,000
- Address: 995 SE 12th St, Hialeah, FL
- Buyer: Antonio Nicholls & Martin Nicholls
- Seller: Andres Suarez, Sergio Felipe, Felipe Ramona M
The buyers of this property are represented by Antonio Nicholls & Martin Nicholls. The sellers, on the other hand, are Andres Suarez, Sergio Felipe, and Felipe Ramona M.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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