Centennial Real Estate Acquisition Acquires Retail Property In Hialeah From Starwood Capital Group - Barry Sternlicht
1675 West 49th Street, Hialeah, FL 33012
$149,350,000
$495/SF
Building Size
301,592 SF
Asset Type
Retail
Closing
Jan 4, 2022
AI
The retail property located at 1675 W 49th St in Hialeah has been sold for a price of $149,350,000. The transaction took place on January 4, 2022. The property spans a total area of 301,592 square feet, resulting in a price per square foot of $495. The buyer in this deal was Centennial Real Estate Acquisition, while the seller was Starwood Capital Group, represented by Barry Sternlicht.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $149,350,000
- Date: 01/04/2022
- Address: 1675 W 49th St
- Market: Hialeah
- Buyer: Centennial Real Estate Acquisition
- Seller: Starwood Capital Group - Barry Sternlicht
Aareal Capital Corp. provided the lending for this transaction.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93