Juan Carrera Acquires Retail Property In Hialeah For $2.69M
5375 W 20 Ave
$2,690,000
$382/SF
Building Size
7,040 SF
Asset Type
Retail
Closing
Mar 27, 2023
About this deal
AI
A retail property located at 5375 W 20 Ave in Hialeah has been sold for $2,690,000. The property spans over 7,040 square feet, resulting in a price per square foot of $382.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,690,000
- Address: 5375 W 20 Ave
- Market: Hialeah
The buyer, Juan Carrera, acquired the property. The transaction was facilitated by the brokers Eduardo "Eddie" Toledo and Jonathan De LaRosa from Marcus & Millichap, along with Ivannia Herrera.
The retail sale at 5375 W 20 Ave in Florida sold for $2.7M in 2023. The building is 7,040 square feet, implying about 382 per square foot on the published price. Jonathan De La Rosa, Eduardo "Eddie" Toledo, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Florida file for the 5375 W 20 Ave retail sold: pricing, party profiles, and other closed retail comps from the same Florida sit in the Market section below. Filter that local retail set by closing date to see what else sold near 5375 W 20 Ave around 2023. Published consideration for 5375 W 20 Ave is $2.7M, dated 2023. Cite this Juan Carrera Acquires Retail Property In Hialeah For $2.69M sale when underwriting similar retail product around Florida.
Players
Market 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
5.90%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93