KEI Acquisitions Acquires Retail Property In Hialeah For $7.65M
W 16 Ave, Hialeah, Florida 33012, United States
$7,650,000
$186/SF
Building Size
41,000 SF
Asset Type
Retail
Closing
Sep 22, 2021
AI
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.
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
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93