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The Vera Group Miami Acquires Retail Property In Hialeah, FL For $3.2M

Property Image
SOLD
$3,200,000

Florida

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Retail27,360 SF
Sold 10/07/2022
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Property Image
SOLD

The Vera Group Miami Acquires Retail Property In Hialeah, FL For $3.2M

1067 E 25th St, Hialeah, Florida 33013, United States

See Similar Deals
Retail27,360 SF
Sold 10/07/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$117
Total Square Footage:27,360 SF
Transaction Type:Sale

Located at 1067 E 25th Street, Hialeah, FL 33013, this retail property in Hialeah, FL was recently sold in a closed transaction. The sale was facilitated by Daniel Vera and Julio Vera of The Vera Group Miami, who represented the buyer and seller in the deal. The property spans a total of 27,360 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $117. This transaction took place on October 7, 2022.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $3,200,000
  • Market: Hialeah, FL
  • Brokers: Daniel Vera & Julio Vera - The Vera Group Miami - Century 21 Dream Life Realty

The transaction between the buyer and seller highlights the successful collaboration between Daniel Vera, Julio Vera, and their respective agencies, The Vera Group Miami and Century 21 Dream Life Realty. The deal signifies a significant investment in the retail market in Hialeah, FL. The property's sale price and square footage demonstrate its value in the market, with a price per square foot of $117.

Players

Julio A Vera
2 deals$4.3M volume
BROKER

Daniel Vera
Century 21
2 deals$4.3M volume
BROKER

Details

SOLD
IMAGE: Julio Vera & Daniel Vera DATE: 10/07/2022 ADDRESS: 1067 E 25 Street, Hialeah, FL 33013 MARKET: Hialeah, FL ASSET TYPE: Retail BROKERS: Daniel Vera (@DannyVera_Realtor) & Julio Vera (@Jav._Realtor) - The Vera Group Miami - Century 21 Dream Life Realty (@Century21) SALE PRICE: $3,200,000 SF: 27,360 ~ PPSF: $117

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59