Dennis Amoils & Brian Gale Acquire Hialeah Office Building For $15M
SOLD
$15,000,000
Florida
See Similar DealsOffice130,881 SF
Sold 06/30/2022
SOLD
Dennis Amoils & Brian Gale Acquire Hialeah Office Building For $15M
14750 Northwest 77th Court, Hialeah Gardens, Florida 33016, United States
See Similar DealsOffice130,881 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$114
Total Square Footage:130,881 SF
Transaction Type:Sale
An office building located at 14750 NW 77th CT in Hialeah, FL was sold on June 30, 2022. The property, spanning 130,881 square feet, was acquired by Dennis Amoils & Brian Gale from seller Ellen Freedman for a total price of $15,000,000. The price per square foot for the transaction was $114.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $15,000,000
- Address: 14750 NW 77th CT
- Market: Hialeah, FL
- Buyer: Dennis Amoils & Brian Gale
- Seller: Ellen Freedman
- Square Footage: 130,881
- Price per Square Foot: $114
Dennis Amoils and Brian Gale represented themselves in the purchase of this office building situated in Hialeah, FL. Their acquisition of the property highlights their continued investment in the local market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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