Highline Real Estate Acquires Industrial Property In Hialeah For $4.53 Million From Glenn Alan Loewenthal

The transaction involved the sale of an industrial property located at 3790 & 3900 East 10th Court in Hialeah, Florida. The asset spans 0.92 acres and consists of two industrial warehouse buildings constructed in 1962 and 1963. The sale price was $4,530,302, equating to $151.57 per square foot for the total area of 29,890 square feet. The property was financed through a $2.44 million loan obtained from Pacific National Bank.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,530,302
• Buyer: Highline Real Estate
• Seller: Glenn Alan Loewenthal
• Lender: Pacific National Bank
• Square Footage: 29,890
• Price per Square Foot: $151.57
• Acres: 0.92
• Brokers: Felipe Azenha & Benjamin Hoffman - Built World Advisors

Highline Real Estate was represented in this transaction by brokers Felipe Azenha and Benjamin Hoffman from Built World Advisors, which facilitated the acquisition of the property from Glenn Alan Loewenthal.