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:
- Property Type: Land
- Transaction Amount: $1,600,000
- Buyer: Molina Auto Sales
- Seller: Louis Alexander Jr.
- Brokers: Carlos Fausto Miranda & Moises Figueroa - Fausto Commercial Realty Consultants
- Mortgage Amount: $800,000
- Mortgage Provider: Arlyns De La Riva
- Market: Hialeah
- Acres: 0.39
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
Hialeah Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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