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
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