Juan Molina Purchases Retail Property At 4245 East 8th Avenue For $1.6M From Louis Alexander
4245 East 8th Avenue
$1,600,000
$416/SF
Building Size
3,840 SF
Asset Type
Retail
Closing
Dec 11, 2024
AI
The property asset involved in this transaction is a retail space located at 4245 East 8th Avenue in Hialeah. The sale price of the property was $1,600,000, encompassing a total area of 3,840 square feet, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 4245 East 8th Avenue
- Market: Hialeah
- Size: 3,840 SF
- Price per Square Foot: $416
- Buyer: Juan Molina
- Seller: Louis Alexander
- Brokers: Carlos Fausto Miranda & Moises Figueroa - Fausto Commercial Realty Consultants
The key individuals involved in this transaction are Juan Molina as the buyer and Louis Alexander as the seller. The deal was facilitated by brokers Carlos Fausto Miranda and Moises Figueroa, representing Fausto Commercial Realty Consultants during the transaction process.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93