Eastern Industrial Development Corp. Acquires Retail Property In Hialeah For $10.5M
101 Hialeah Dr, Hialeah, FL 33010, USA
$10,500,000
$824/SF
Building Size
12,735 SF
Asset Type
Retail
Closing
Jul 14, 2020
About this deal
AI
Eastern Industrial Development Corp. has acquired a retail property located at 101 Hialeah Drive in Hialeah. The asset spans 12,735 square feet and was sold for a price of $10,500,000, resulting in a price per square foot of $824.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,500,000
- SF: 12,735
- PPSF: $824
- Address: 101 Hialeah Drive
- Market: Hialeah
The buyer, Eastern Industrial Development Corp., was represented by Scott & Mandy Milchman. The seller, RPO Hialeah LLC, was represented by Arthur Slaven. The deal was facilitated by brokers Drew Kristol, Kirk Olson, Ronnie Issenberg, and Gabriel Britti.
On the Map
$10,500,000
$824/SF
Retail
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Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93