Michael Klinger Acquires Retail Property In Hialeah For $3.85M
934 East 25th Street, Hialeah, Florida 33013, United States
$3,850,000
$482/SF
Building Size
7,980 SF
Asset Type
Retail
Closing
May 3, 2022
AI
A retail property located at 934-954 E 25th St in Hialeah has been sold in a recent transaction. The property, with a total square footage of 24,904 and a price per square foot of $155, was sold for a total of $3,850,000 on 05/04/2022. The buyer of the property was Michael Klinger, while the seller was Yoram Izhak. The transaction was facilitated by brokers Jonathan De La Rosa and Matthew Albregts from Marcus & Millichap.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $3,850,000
- Address: 934-954 E 25th St, Hialeah
- Market: Hialeah
- Buyer: Michael Klinger
- Seller: Yoram Izhak
- Brokers: Jonathan De La Rosa & Matthew Albregts - Marcus & Millichap
- BSF: 24,904
- PPBSF: $155
The key individuals involved in this transaction were the buyer, Michael Klinger, and the seller, Yoram Izhak. The deal was successfully facilitated by brokers Jonathan De La Rosa and Matthew Albregts from Marcus & Millichap.
Players
Hialeah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93