The Easton Group Acquires Development Site In Hialeah For $29.4M
4220 W 91st Pl, Hialeah, Florida 33018, United States
$29,400,000
$25/SF
Building Size
1,151,726 SF
Asset Type
Other
Closing
Feb 3, 2022
About this deal
AI
A development site in Hialeah has been sold for $29,400,000. The property, located at 4220 West 91st Place, spans 26.44 acres. The transaction took place on February 4, 2022. The buyer of the site is The Easton Group represented by Dalton Easton & Edward W. Easton, along with LBA Logistics.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,400,000
- Address: 4220 West 91st Place
- Market: Hialeah
- Acres: 26.44
- Buyer: The Easton Group - Dalton Easton & Edward W. Easton; LBA Logistics
- Date: February 4, 2022
The Easton Group, along with LBA Logistics, completed the acquisition of the development site. The buyers, represented by Dalton Easton and Edward W. Easton, recognized the potential of the 26.44-acre property in Hialeah. This transaction marks a significant investment in the area's development market.
Players
Hialeah Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93