El Car Wash Purchases Retail Property From Joe Cohen For $3.05 Million In Hialeah
7560 Northwest 186th Street
$3,050,000
$867/SF
Building Size
3,516 SF
Asset Type
Retail
Closing
Aug 28, 2024
AI
The property involved in this transaction is a retail asset located at 7560 Northwest 186th Street in Hialeah. It was sold for $3,050,000, consisting of 3,516 square feet, which results in a price per square foot of $867.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Square Footage: 3,516
- Price per Square Foot: $867
- Buyer: El Car Wash
- Seller: Joe Cohen - Colonial Suites INC
- Broker Representatives: Jarett Zackman & Michael Talbert - Horvath & Tremblay
- Transaction Date: 08/28/2024
This transaction was brokered by Jarett Zackman and Michael Talbert, representing the parties involved. El Car Wash is the buyer acquiring the property, while Joe Cohen represents the seller Colonial Suites INC, facilitating the deal's successful completion.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93