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4301 Palm Avenue

Masood Hajali Acquires Retail Property On Palm Avenue In Hialeah For $3.1 Million
SOLDRetail

Masood Hajali Acquires Retail Property On Palm Avenue In Hialeah For $3.1 Million

4301 Palm Avenue

$3,100,000

$300/SF

Building Size

10,305 SF

Asset Type

Retail

Closing

Jul 6, 2025

AI

The property asset involved in the transaction is a retail space located at 4301 Palm Avenue in Hialeah. The sale price for the asset was $3,100,000, encompassing a total square footage of 10,305, which translates to a price per square foot of $300.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,100,000
  • Address: 4301 Palm Avenue
  • Market: Hialeah
  • Square Footage: 10,305
  • Price Per Square Foot: $300
  • Buyer: Masood Hajali
  • Seller: Carlos Diaz
  • Buyer's Representative: Kristopher C. Rodriguez - Fordome Investment Group
  • Seller's Representative: Julio Navarro - Smith Commercial Property Group

The key individuals involved in this transaction include the buyer, Masood Hajali, and the seller, Carlos Diaz, each represented by their respective brokers. Kristopher C. Rodriguez represented the buyer as part of Fordome Investment Group, while Julio Navarro represented the seller through Smith Commercial Property Group.

Players

Kristopher C Rodriguez

Fordome Investment Group

Broker

$25.5M

vol

10 deals

Broker
Smith Commercial Property Group
Smith Commercial Property GroupBrokerage

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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93