SOLDRetail
Centennial Real Estate Acquisition Acquires Vacant Sears Store At Westland Mall, Hialeah For $16.5M
1625 W 49th St Hialeah, FL 33012, USA
$16,500,000
$107/SF
Building Size
153,596 SF
Asset Type
Retail
Closing
May 23, 2023
AI
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
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93