SOLDRetail
Luis A. Chait Acquires Store In Hialeah, Florida For $3.8M
2000 East 4th Avenue, Hialeah, Florida 33013, United States
$3,800,000
$380/SF
Building Size
9,989 SF
Asset Type
Retail
Closing
Aug 31, 2022
About this deal
AI
The property involved in this closed transaction is a store located at 2000 E 4th Ave in Hialeah, FL. The property spans a total of 9,989 square feet and was sold for a price of $3,800,000, resulting in a price per square foot of $380.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $3,800,000
- Address: 2000 E 4th Ave, Hialeah, FL
- Market: Hialeah, FL
- Buyer: Luis A. Chait
- Seller: Elias John
- Square Footage: 9,989
- Price per Square Foot: $380
Luis A. Chait acquired the property from Elias John in 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93