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Jason Harris - Harris Investment Group Acquires 1.9 Acre Retail Property In Hialeah Gardens For $15.7M

Property Image
SOLD
$15,700,000

Florida

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Retail8,755 SF
Sold 08/26/2022
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Property Image
SOLD

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

See Similar Deals
Retail8,755 SF
Sold 08/26/2022

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,793
Total Square Footage:8,755 SF
Transaction Type:Sale

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

BUYER

Details

SOLD
IMAGE: 08/26/2022 ADDRESS: 13899 West Okeechobee Road MARKET: Hialeah Gardens ASSET TYPE: Retail ~ ACRES: 1.9 BUYER: Jason Harris - Harris Investment Group SELLER: Trinity Pro - Christopher J. Martonaro LENDER: Lafayette Federal Credit Union SALE PRICE: $15,700,000 SF: 8,755 ~ PPSF: $1,793

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
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