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705 East 8th Avenue, Hialea...

Brian Valle Acquires Office Building In Hialeah For $1.5M
SOLDOffice

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

Samantha Noriega

Lifestyle International Realty

Broker

$6.4M

vol

3 deals

Broker

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