CTO Realty Growth Sells Retail Property In Hialeah For $22.2M
SOLD
$22,200,000
Florida
See Similar DealsRetail
Sold 07/29/2022
SOLD
CTO Realty Growth Sells Retail Property In Hialeah For $22.2M
1460 West 49th Street, Hialeah, Florida 33012, United States
See Similar DealsRetail
Sold 07/29/2022
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,183,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,871.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,239.33
Annual Debt Service$1,262,871.91
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