Marcus & Millichap Facilitates $14.75M Sale Of Office Building In Hialeah
1840 West 49th Street, Hialeah, FL, USA
$14,750,000
$193/SF
Building Size
76,280 SF
Asset Type
Office
Closing
Nov 17, 2021
About this deal
AI
A commercial office property located at 1840 West 49th Street in Hialeah has been sold for a total price of $14,750,000. The property spans a total area of 76,280 square feet, resulting in a price per square foot of $193. This transaction was facilitated by Douglas K. Mandel from Marcus & Millichap.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,750,000
- Square Footage: 76,280
- Price per Square Foot: $193
- Address: 1840 West 49th Street, Hialeah
- Market: Hialeah
Douglas K. Mandel, representing Marcus & Millichap, played a significant role in facilitating the deal for this commercial office property.
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93