Jason Harris - Harris Investment Group Acquires 1.9 Acre Retail Property In Hialeah Gardens For $15.7M
13899 West Okeechobee Road, Hialeah Gardens, Florida 33018, United States
$15,700,000
$1,793/SF
Building Size
8,755 SF
Asset Type
Retail
Closing
Aug 25, 2022
AI
The retail property located at 13899 West Okeechobee Road in Hialeah Gardens has been sold in a transaction that took place on August 26, 2022. The property spans across 1.9 acres and offers a total square footage of 8,755. The sale price for this asset was $15,700,000, resulting in a price per square foot of $1,793.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $15,700,000
- Address: 13899 West Okeechobee Road
- Market: Hialeah Gardens
- Acres: 1.9
- Square Footage: 8,755
- Buyer: Jason Harris - Harris Investment Group
- Seller: Trinity Pro - Christopher J. Martonaro
- Lender: Lafayette Federal Credit Union
- Price per Square Foot: $1,793
The buyer in this transaction was Jason Harris, representing Harris Investment Group. On the other side, the seller was Trinity Pro, with Christopher J. Martonaro as their representative. The lender involved in the deal was Lafayette Federal Credit Union.
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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93