IMC Equity Acquires Office In Hialeah For $5.9M
1490 West 49th Place, Hialeah, FL, USA & 1490 West 49th Place, Hialeah, FL, USA
$5,900,000
$78/SF
Building Size
37,830 SF
Asset Type
Office
Closing
Dec 9, 2019
About this deal
AI
The office property located at 1490 West 49th Place in Hialeah was recently sold for a price of $5,900,000. This property spans a total area of 37,830 square feet, resulting in a price per square foot of $156. The transaction took place on December 10, 2019.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,900,000
- Address: 1490 West 49th Place, Hialeah
- Square Footage: 37,830
- Price per Square Foot: $156
- Market: Hialeah
The seller of this property was Cofe Properties, while IMC Equity acted as the buyer. The deal was facilitated by brokers Douglas K. Mandel and Adam H. Klein from Marcus & Millichap.
On the Map
$5,900,000
$78/SF
Office
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Players
Hialeah Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93