Longpoint Partners Acquires Retail Properties In Hialeah For $43.25M
1690 West 68th Street, Hialeah, Florida 33014, United States
$43,250,000
$342/SF
Building Size
126,403 SF
Asset Type
Retail
Closing
Aug 7, 2022
About this deal
AI
The retail property located at 1690 W 68th Street & 1800 W 68th Street in Hialeah has been sold in a recent transaction. The property spans across 8.9 acres and features a total of 126,403 square feet. The sale took place on 08/08/2022 with a sale price of $43,250,000, resulting in a price per square foot of $342.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $43,250,000
- Address: 1690 W 68th Street & 1800 W 68th Street
- Market: Hialeah
- Acres: 8.9
- Square Footage: 126,403
The buyer in this transaction is Longpoint Partners, represented by Dwight Angelini. The seller is Elpara Inc.
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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93