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7885 West 28th Avenue

Pedro Bernal Purchases Mixed-Use Property In Hialeah For $2.8 Million With Brokers Joseph Suarez & Mario Romero
SOLDMixed-use

Pedro Bernal Purchases Mixed-Use Property In Hialeah For $2.8 Million With Brokers Joseph Suarez & Mario Romero

7885 West 28th Avenue

$2,800,000

$255/SF

Building Size

10,961 SF

Asset Type

Mixed-use

Closing

Aug 18, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 7885 West 28th Avenue in Hialeah. The sale price for this property was $2,800,000, encompassing a total space of 10,961 square feet. The asset sits on a 24,568 square foot lot and is strategically positioned for medical and commercial use, benefiting from significant transportation access due to its proximity to major highways.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,800,000
  • Address: 7885 West 28th Avenue
  • Market: Hialeah
  • Square Footage: 10,961
  • Price Per Square Foot: $255
  • Buyer: Pedro Bernal
  • Seller: Higinio & Jorge Merida
  • Brokers: Joseph Suarez & Mario Romero - Trustpoint Realty

Joseph Suarez and Mario Romero from Trustpoint Realty represented both parties in this transaction, skillfully navigating a complex negotiation process. Their expertise facilitated the acquisition of this strategically located property, which features main road frontage and accessibility to key highways including Palmetto/826, I-75, FL Turnpike, and Gratigny.

Players

Joseph Suarez

Trustpoint Realty

Broker

$85.6M

vol

23 deals

Broker
Trustpoint Realty
Trustpoint RealtyBrokerage

Hialeah Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93