The Vera Group Miami Acquires Retail Property In Hialeah, FL For $3.2M
1067 E 25th St, Hialeah, Florida 33013, United States
$3,200,000
$117/SF
Building Size
27,360 SF
Asset Type
Retail
Closing
Oct 6, 2022
About this deal
AI
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
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93