Brian Valle Acquires Office Building In Hialeah For $1.5M
SOLD
$1,500,000
Florida
See Similar DealsOffice3,500 SF
Sold 11/02/2022
SOLD
Brian Valle Acquires Office Building In Hialeah For $1.5M
705 East 8th Avenue, Hialeah, Florida 33010, United States
See Similar DealsOffice3,500 SF
Sold 11/02/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$428
Total Square Footage:3,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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