Eastern Industrial Development Corp. Acquires Retail Property In Hialeah For $10.5M

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.