Brian Valle Acquires Office Building In Hialeah For $1.5M
705 East 8th Avenue, Hialeah, Florida 33010, United States
$1,500,000
$428/SF
Building Size
3,500 SF
Asset Type
Office
Closing
Nov 1, 2022
AI
An office property located at 705 E 8th Ave in Hialeah has been sold for $1,500,000. The property spans 3,500 square feet, resulting in a price per square foot of $429. The sale took place on 11/02/2022 and the buyer is Brian Valle, while the seller is Mercy Properties represented by Rafael Sanchez. Samantha Noriega and Samuel Hernandez, from Lifestyle International Realty, acted as the brokers in this transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,500,000
- Date: 11/02/2022
- Address: 705 E 8th Ave, Hialeah
- Market: Hialeah
This sale represents the highest price per square foot achieved in Hialeah. Samantha Noriega and Samuel Hernandez from Lifestyle International Realty facilitated the lease and sale of this office property.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93