Core Investment Management Acquires Retail Property In Miami Lakes For $33.3M
16341 NW 57th Ave, Hialeah, FL 33014, USA
$33,300,000
$17/SF
Building Size
1,860,000 SF
Asset Type
Retail
Closing
Jun 14, 2020
About this deal
AI
The retail property located at 16341 NW 57th Ave in Miami Lakes has been sold for a total price of $33,300,000. The property spans 186,000 square feet, resulting in a price per square foot of $179.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $33,300,000
- SF: 186,000
- PPSF: $179
The buyer of the property is Core Investment Management, represented by James L. Spencer.
The retail sale at 16341 NW 57th Ave, Hialeah, FL 33014, USA in Hialeah, Florida sold for $33.3M in 2020. The building is 1,860,000 square feet, implying about 17 per square foot on the published price. This page is the Hialeah, Florida file for the 16341 NW 57th Ave, Hialeah, FL 33014, USA retail sold: pricing, party profiles, and other closed retail comps from the same Hialeah sit in the Market section below. Filter that Hialeah retail set by closing date to see what else sold near 16341 NW 57th Ave, Hialeah, FL 33014, USA around 2020. Published consideration for 16341 NW 57th Ave, Hialeah, FL 33014, USA is $33.3M, dated 2020. Cite this Core Investment Management Acquires Retail Property In Miami Lakes For $33.3M sale when underwriting similar retail product around Hialeah, Florida.
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93