Antonio Hidalgo Acquires Industrial Property In Hialeah For $2.9M With Buyer's Representative Giovanni G. Gonzalez
1700 West 8th Avenue
$2,900,000
$240/SF
Building Size
12,060 SF
Asset Type
Industrial
Closing
Apr 10, 2025
AI
The property involved in this transaction is an industrial asset located at 1700 West 8th Avenue in Hialeah. The sale was finalized at a transaction amount of $2,900,000, encompassing a total square footage of 12,060, equating to a price per square foot of $240.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Address: 1700 West 8th Avenue
- Market: Hialeah
- Square Footage: 12,060
- Price per Square Foot: $240
- Buyer: Antonio Hidalgo
- Buyer's Representative: Giovanni G. Gonzalez - RE/MAX Advance Realty
- Seller's Representatives: Juliano Lopez & Rene Vivo - Vivo Real Estate Group
Key individuals involved in the transaction include buyer Antonio Hidalgo, represented by Giovanni G. Gonzalez from RE/MAX Advance Realty, while the seller was represented by Juliano Lopez and Rene Vivo from Vivo Real Estate Group. Giovanni G. Gonzalez expressed gratitude for the successful sale, attributing the achievement to faith and divine support.
Players
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93