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934 East 25th Street, Hiale...

Michael Klinger Acquires Retail Property In Hialeah For $3.85M
SOLDRetail

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Michael Klinger

Michael Klinger

Saber Real Estate Advisors

Buyer

$223.2M

vol

10 deals

Buyer
Yoram Izhak

Yoram Izhak

Seller

$457.7M

vol

19 deals

Seller

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

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93