Presidium & CSL Partners Acquire Mixed-Use Asset In Hialeah For $95 Million
3051 West 16th Avenue, 3051 West 16th Avenue, 3051 West 16th Avenue, 3051 West 16th Ave. & 3051 West 16th Ave
$95,000,000
$139/SF
Building Size
334,923 SF
Asset Type
MultiFamily
Closing
Jan 31, 2025
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 3051 West 16th Avenue in Hialeah. The purchase price for this asset is $95,000,000, which encompasses 260 residential units along with retail space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $95,000,000
- Buyer: Presidium & CSL Partners
- Broker: Geoffrey Dubey & Alena Grummons - Berko & Associates
- Units: 260 + Retail
Geoffrey Dubey and Alena Grummons from Berko & Associates played a crucial role in arranging the LP equity investor for the acquisition and also facilitated the joint venture between the two Co-GP partners, Presidium and CSL Partners.
On the Map
$95,000,000
$139/SF
MultiFamily
View full map
Players
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Alena Grummons to view all their deals.
Browse Hialeah multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93