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45 West 3rd Street

Bob Interian Acquires Retail Property At 45 West 3rd Street Hialeah For $2.8M
SOLDRetail

Bob Interian Acquires Retail Property At 45 West 3rd Street Hialeah For $2.8M

45 West 3rd Street

$2,800,000

$455/SF

Building Size

6,146 SF

Asset Type

Retail

Closing

Jan 31, 2025

AI

The retail asset located at 45 West 3rd Street in Hialeah has been sold for $2,800,000. The property encompasses a total square footage of 6,146, resulting in a price per square foot of $455.

Summary of transaction details:

This transaction involved key players in the real estate sector, with Brandon Dagnesses representing the buyer, Bob Interian, and Maria Castellano representing the seller, Sabrina Hernandez. Each representative facilitated the deal within their respective brokerage firms.

Players

Brandon Dagnesses

Dags Group & Associates

Broker

$23.6M

vol

10 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93