Brian Sharpe Mason Sharpe And Barry Sharpe Acquire 4-Building Industrial Portfolio In Hialeah For $5.27M
1035 Southeast 9th Court, 2712 West 10th Avenue, 615 East 2nd Avenue & 643 East 2nd Avenue
$5,269,000
$191/SF
Building Size
27,568 SF
Asset Type
Industrial
Closing
Feb 23, 2026
AI
The transaction involves an industrial asset consisting of a four-building portfolio located at 1035 Southeast 9th Court, 2712 West 10th Avenue, 615 East 2nd Avenue & 643 East 2nd Avenue in Hialeah. The sale price for the property was $5,269,000, with a total square footage of 27,568, resulting in a price per square foot of $191.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,269,000
- Square Footage: 27,568
- Price Per Square Foot: $191
- Buyer: Brian Sharpe, Mason Sharpe & Barry Sharpe
- Seller: Manuel Seage & Lilia A Seage TRS
- Market: Hialeah
Sharpe Properties Group, LLC is represented by Brian Sharpe, Mason Sharpe, and Barry Sharpe in this acquisition. The deal marks an expansion for Sharpe Properties Group, as they have added 12,363 square feet of residential and 7,708 square feet of industrial space, bringing their total portfolio to 525,838 square feet.
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
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93