Nisa Navarro LLC Acquires Development Site In Hialeah For $8M
802 East 25th Street, Hialeah, FL, USA & 802 East 25th Street, Hialeah, FL, USA
$8,000,000
$100/SF
Building Size
79,597 SF
Asset Type
Mixed-use
Closing
Mar 31, 2020
AI
A development site located at 802 East 25th Street in Hialeah has been sold for a total price of $8,000,000. The property, owned by 4th Avenue Developer LLC and sold by Daniel Abreu, offers a total of 58,362 square feet of buildable space. With a price per buildable square foot of $137, this transaction represents a significant opportunity for the buyer to develop the site.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $8,000,000
- Address: 802 East 25th Street
- Market: Hialeah
- Buyer: Nisa Navarro LLC - Isabella & Nicolas Mattos
- Seller: 4th Avenue Developer LLC - Daniel Abreu
- Total Buildable Square Footage: 58,362
- Price per Buildable Square Foot: $137
Nisa Navarro LLC, represented by Isabella & Nicolas Mattos, acquired the property from 4th Avenue Developer LLC, represented by Daniel Abreu. This transaction represents a significant development opportunity in Hialeah and highlights the strategic thinking of the buyer in securing a valuable asset in a growing market.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93