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7450 West 4th Lane, Hialeah...

Gus Alfonso & Alex Ruiz Acquire Lodges/Halls In Hialeah, FL For $15M
SOLDOther

Gus Alfonso & Alex Ruiz Acquire Lodges/Halls In Hialeah, FL For $15M

7450 West 4th Lane, Hialeah, Florida 33014, United States

$15,000,000

$387/SF

Building Size

38,666 SF

Asset Type

Other

Closing

May 12, 1922

AI

The property located at 7450 W 4th Ave in Hialeah, FL was recently sold for $15,000,000. This lodge/hall has a total area of 38,666 square feet, which translates to a price per square foot of $388.

Summary of transaction details

  • Property Type: Lodges/Halls
  • Transaction Amount: $15,000,000
  • Address: 7450 W 4th Ave, Hialeah, FL
  • Market: Hialeah, FL
  • Buyer: Gus Alfonso & Alex Ruiz
  • Seller: Alexander Ruiz
  • Total Area: 38,666 square feet
  • Price per Square Foot: $388

The deal's key individuals involved in this transaction are Gus Alfonso and Alex Ruiz, representing the buyer. Alexander Ruiz, the seller, also played a significant role in the sale of this property.

Players

Alexander Ruiz

Prestige Companies

Broker

$233.6M

vol

9 deals

Broker

Alex Ruiz

Buyer

$43.3M

vol

5 deals

Buyer

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93