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1740 West 4th Avenue

Lift Aerospace Corp. Acquires Industrial Property From High Noon Sailing Ltd. For $7.1M
SOLDIndustrial

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

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:

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.

Players

Louis Erice

Keller Williams Realty

Broker

$13.8M

vol

4 deals

Broker

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