Commercial Sale
221 28th St
Hialeah, FL 33010
General Information
Location Information
Financial Information
Remarks
Multifamily Real Estate Group is pleased to exclusively bring to market 221-241 West 28th Street in Hialeah FL. The offering is a multi-bay industrial warehouse, which consists of one-folio with 8 bays totaling 11,325 Sq.Ft. of leasable space. Presently the property operates with 2-tenants which have been in the property for over 10-years, all of them with leases expiring 2024. Leases call for a yearly 5% increase, meaning that a future owner in January 2021 can enjoy a $107,872 NOI. A potential buyer could secure a loan with a 70LTV, a 4% interest rate, amortized over 30 years and achieve on year-2 a 7.78% Cash-on-Cash Return.
Listing Agent
George Jimenez
Multifamily Real Estate Group Inc
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020