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385 West 49th Street, Hiale...

Ani Gonzalez Acquires Retail Property In Hialeah For $7.6M
SOLDRetail

Ani Gonzalez Acquires Retail Property In Hialeah For $7.6M

385 West 49th Street, Hialeah, FL 33012

$7,575,000

$1,122/SF

Building Size

6,750 SF

Asset Type

Retail

Closing

Dec 27, 2021

AI

Located at 385 West 49th Street in Hialeah, this property is a retail space with a net lease. The transaction took place on December 27, 2021. The property consists of 6,750 square feet and is occupied by Aspen Dental and MD Now. The sale price for this retail asset was $7,575,000, resulting in a price per square foot of $1,122.

Summary of transaction details

  • Property Type: Retail - Net Lease
  • Transaction Amount: $7,575,000
  • Address: 385 West 49th Street
  • Market: Hialeah
  • Buyer: Ani Gonzalez

The sale was facilitated by Eddie Toledo, Jonathan De La Rosa, Matt Albregts, and Brandon Holmes from Marcus & Millichap. They represented the buyer, Ani Gonzalez, in this transaction.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$669.3M

vol

147 deals

Broker

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

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93