KEI Acquisitions Acquires Retail Property In Hialeah For $7.65M
SOLD
$7,650,000
Florida
See Similar DealsRetail41,000 SF
Sold 09/23/2021
SOLD
KEI Acquisitions Acquires Retail Property In Hialeah For $7.65M
W 16 Ave, Hialeah, Florida 33012, United States
See Similar DealsRetail41,000 SF
Sold 09/23/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:41,000 SF
Transaction Type:Sale
A retail property located at 3750 W. 16 Ave in Hialeah has been sold for a price of $7,650,000. The property spans approximately 41,000 square feet, resulting in a price per square foot of $187. The transaction took place on 09/23/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,650,000
- Address: 3750 W. 16 Ave, Hialeah
- Market: Hialeah
The buyer, KEI Acquisitions, acquired the retail property from the seller, RG Property Group Holdings. The deal was facilitated by brokers Adam J. Tiktin & Greg Matus of Franklin Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$408,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,178.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,264.90
Annual Debt Service$435,178.83
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