Lionstone Development Acquires Office Building In Hialeah For $16.8M
$16,800,000
$300/SF
Building Size
56,000 SF
Asset Type
Office
Closing
May 16, 2022
About this deal
AI
Located at 5901 Miami Gardens Dr in Hialeah, this office property was recently sold in a transaction facilitated by Alex Zylberglait from Marcus & Millichap. The property spans approximately 56,000 square feet, with a sale price of $16,800,000, resulting in a price per square foot of $300. The buyer in this transaction was Lionstone Development, while Norberto Roman served as the seller.
Summary of transation details
- Property Type: Office
- Transaction Amount: $16,800,000
- Square Footage: 56,000
- Address: 5901 Miami Gardens Dr, Hialeah
- Market: Hialeah
- Buyer: Lionstone Development
- Seller: Norberto Roman
- Broker: Alex Zylberglait - Marcus & Millichap
This transaction involved key individuals and companies, including Lionstone Development as the buyer and Norberto Roman as the seller. The deal was facilitated by Alex Zylberglait from Marcus & Millichap. The sale price of $16,800,000 for this 56,000 square foot office property reflects a price per square foot of $300.
Market 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93