Horizon Properties Acquires Retail Property In Hialeah For $33M
2400 West 60th Street, Hialeah, FL 33016
$33,000,000
$325/SF
Building Size
101,484 SF
Asset Type
Retail
Closing
Sep 22, 2021
About this deal
AI
The retail property located at 2400 West 60th Street in Hialeah has been sold for a price of $33,000,000. The property spans 101,484 square feet, resulting in a price per square foot of $325. The transaction took place on September 22, 2021. Terry Fancher captured an image of the property.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $33,000,000
- Address: 2400 West 60th Street
- Market: Hialeah
- Square Footage: 101,484
- Price per Square Foot: $325
The buyer of the property is Horizon Properties, while the seller is Stockbridge Capital Group, represented by Terry Fancher. No additional information about the individuals or companies involved in the deal is available.
On the Map
$33,000,000
$325/SF
Retail
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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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93