Crossways Hotel Inc Acquires Retail Property On Palm Avenue In Hialeah For $2.075M
2310 Palm Ave Hialeah, FL 33010, USA
$2,075,000
$615/SF
Building Size
3,370 SF
Asset Type
Retail
Closing
Jul 5, 2023
AI
A retail property located at 2310 Palm Avenue in Hialeah has been sold for a total of $2,075,000. The property spans 3,370 square feet, resulting in a price per square foot of $616. The transaction took place on 07/05/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,075,000
- Address: 2310 Palm Avenue, Hialeah
- Market: Hialeah
- Square Footage: 3,370
- Price Per Square Foot: $616
The buyer of the property is Crossways Hotel Inc, represented by Alfredo Valdes. The seller of the property is Rafael Leon. Chris Cleveland from Remax served as the buyer's representative, while David Gonzalez from The Keyes Company represented the seller.
Players
Miami 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93