Michael Klinger Acquires Retail Property In Hialeah For $3.85M
SOLD
$3,850,000
+ 1
Florida
See Similar DealsRetail7,980 SF
Sold 05/04/2022
SOLD
Michael Klinger Acquires Retail Property In Hialeah For $3.85M
934 East 25th Street, Hialeah, Florida 33013, United States
See Similar DealsRetail7,980 SF
Sold 05/04/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$482
Total Square Footage:7,980 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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