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4245 East 8th Avenue

Molina Auto Sales Purchases 0.39 Acre Land In Hialeah From Louis Alexander Jr. For $1.6M
SOLDLand

Molina Auto Sales Purchases 0.39 Acre Land In Hialeah From Louis Alexander Jr. For $1.6M

4245 East 8th Avenue & 4188 East 8th Court

$1,600,000

Building Size

Asset Type

Land

Closing

Nov 13, 2024

AI

Molina Auto Sales purchased a 0.39-acre commercial property located at 4245 East 8th Avenue & 4188 East 8th Court in Hialeah for $1.6 million. The property, which is currently operating as an auto dealership, features a 1,008-square-foot office building and is zoned C-2.

Summary of transaction details:

The transaction involved Carlos Fausto Miranda and Moises Figueroa, representing the buyer Molina Auto Sales in the deal. The property transfer was part of a business operation related to an auto dealership and included financing arrangements secured with a mortgage.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

Hialeah Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93