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
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