SOLDRetail
Eden Ashourzadeh, Garrett Wittels & Ishan Chhabra Acquire Retail Property In Hialeah For $7M
2050 West 56th Place
$7,000,000
$233/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Oct 14, 2022
AI
The retail property located at 2050 W 56th St in Hialeah has been sold for a total of $7,000,000. The property has a total square footage of 30,000, resulting in a price per square foot of $233.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Square Footage: 30,000
- Price per Square Foot: $233
- Address: 2050 W 56th St, Hialeah
Eden Ashourzadeh, Garrett Wittels, and Ishan Chhabra were the buyers in this transaction, while Fernando Garciz Martinez served as the seller.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93