SOLDRetail
CTO Realty Growth Sells Retail Property In Hialeah For $22.2M
1460 West 49th Street, Hialeah, Florida 33012, United States
$22,200,000
Building Size
—
Asset Type
Retail
Closing
Jul 28, 2022
AI
The asset involved in this transaction is a retail property located at 1460 W 49th St in Hialeah. The sale price for this property was $22,200,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,200,000
- Seller: CTO Realty Growth
- Seller Representative: John P. Albright
- Date of Transaction: 07/29/2022
The transaction was executed by CTO Realty Growth, represented in the deal by John P. Albright, who facilitated the sale on behalf of the seller.
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93