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Centennial Real Estate Acquisition Acquires Vacant Sears Store At Westland Mall, Hialeah For $16.5M

Property Image
SOLD
$16,500,000

Florida

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Retail153,596 SF
Sold 05/23/2023
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Property Image
SOLD

Centennial Real Estate Acquisition Acquires Vacant Sears Store At Westland Mall, Hialeah For $16.5M

1625 W 49th St Hialeah, FL 33012, USA

See Similar Deals
Retail153,596 SF
Sold 05/23/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$107
Total Square Footage:153,596 SF
Transaction Type:Sale

Cordina Partners has purchased the vacant Sears store at Westland Mall in Hialeah, Florida, for $16.5 million. The store spans 153,596 square feet and is situated on a 15-acre site at 1625 West 49th St.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $16,500,000
  • Square Footage: 153,596
  • Address: 1625 West 49th Street
  • Market: Hialeah
  • Buyer: Centennial Real Estate Acquisition
  • Seller: Cordina Partners - Armando Codina

Centennial Real Estate Acquisition, based in Dallas, owns Westland Mall after acquiring it in early 2022.

Players

CA
Centennial Real Estate Acquisition
BUYER
Armando Codina
Armando Codina
13 deals$736M volume
SELLER
Armando Codina
Armando Codina
13 deals$736M volume
SELLER

Details

SOLD
IMAGE: Armando Codina DATE: 05/23/2023 ADDRESS: 1625 West 49th Street MARKET: Hialeah ASSET TYPE: Retail ~ ACRES: 15 BUYER: Centennial Real Estate Acquisition SELLER: Cordina Partners - Armando Codina SALE PRICE: $16,500,000 SF: 153,596 ~ PPSF: $107 NOTE: Cordina Partners, has purchased the vacant Sears store at Westland Mall in Hialeah, Florida, for $16.5 million. The store spans 153,596 square feet and is situated on a 15-acre site at 1625 West 49th St. Centennial Real Estate Acquisition, based in Dallas, owns Westland Mall after acquiring it in early 2022.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$58,621.01
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