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Colliers International Facilitates $7.5M Sale Of MultiFamily Property In Hialeah

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SOLD
$7,500,000

Florida

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MultiFamily41,751 SF
Sold 07/17/2023
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Property Image
SOLD

Colliers International Facilitates $7.5M Sale Of MultiFamily Property In Hialeah

1033 E 25th St Hialeah, Fl 33013, Usa

See Similar Deals
MultiFamily41,751 SF
Sold 07/17/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:41,751 SF
Transaction Type:Sale

A MultiFamily property located at 1033 E 25th Street in Hialeah has been sold for a total of $7.5 million. The property spans 41,751 square feet, resulting in a price per square foot of $180.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $7,500,000
  • Address: 1033 E 25th Street, Hialeah
  • Market: Hialeah

The buyers of the property were Frank Espinosa, while the sellers were Marlon Gomez. The sale was facilitated by Virgilio Fernandez and Mitash Kripalani from Colliers International. Virgilio Fernandez represented the sellers and helped secure a beneficial contract. The transaction involved a formal listing process, which resulted in multiple record-priced offers for the area. Additionally, one of the property co-owners exercised their Right of First Refusal, acquiring the interest of their partner.

If you are interested in buying or selling a property and need assistance in reaching your investment goals, you can contact Virgilio Fernandez at virgilio.fernandez@colliers.com.

Players

Mitash Kripalani
23 deals$137.6M volume
BROKER

Virgilio Fernandez
Cushman & Wakefield
42 deals$222.9M volume(305) 613-4507
BROKER

Marlon Gomez
7 deals$122.5M volume
SELLER

Details

SOLD
IMAGE: Virgilio Fernandez DATE: 07/17/2023 ADDRESS: 1033 E 25th Street MARKET: Hialeah ASSET TYPE: MultiFamily BUYER: Frank Espinosa SELLER: Marlon Gomez BROKERS: Virgilio Fernandez (@Vboundless) & Mitash Kripalani (@Mitash) - Colliers International (@ColliersInternational) SALE PRICE: $7,500,000 SF: 41,751 ~ PPSF: $180 NOTE FROM BROKERS: We are excited to share that Colliers has successfully facilitated the sale of a development site in Hialeah for a total of $7.5 million. This sale comes after a formal listing process that resulted in multiple record-priced offers for the area. As a part of this transaction, one of the property co-owners exercised their Right of First Refusal, acquiring the interest of their partner. Virgilio Fernandez represented the sellers and helped to secure a beneficial contract. If you are looking to acquire or sell a property and need assistance in reaching your investment goals, our team is ready to have a conversation with you. Feel free to reach out to us anytime [email protected] .

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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