Updated Dec 4, 2024
Lift Aerospace Corp. Acquires Industrial Property From High Noon Sailing Ltd. For $7.1M
1740 West 4th Avenue
$7,100,000
$256/SF
Building Size
27,674 SF
Asset Type
Industrial
Closing
Sep 11, 2024
About this deal
AI
The property, located at 1740 West 4th Avenue in Hialeah, is an industrial asset with a total square footage of 27,674. The sale was finalized at a price of $7,100,000, which translates to a price per square foot of $256.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,100,000
- Buyer: Lift Aerospace Corp.
- Seller: Stephen Benjamin - High Noon Sailing Ltd.
- Buyer’s Representative: Rafael Herrera -OD Realty Group Corp.
- Seller’s Representative: Louis Erice - The Erice Group - Keller Williams Realty
The transaction showcases key players in the industrial real estate market, with Lift Aerospace Corp. acquiring the property. The broker representing the buyer is Rafael Herrera of OD Realty Group Corp., while the seller's interests were represented by Louis Erice from The Erice Group, which is affiliated with Keller Williams Realty.
On the Map
$7,100,000
$256/SF
Industrial
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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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93