A10930614 for Sale
221 W 28th St Hialeah, FL
A10930614 for Sale
221 W 28th St Hialeah, FL
Price $1,700,000.00
Address:
221 W 28th St Hialeah, FL
221 W 28th St Hialeah, FL
Construction year:
Taxes:
$18,635.00
$18,635.00
Sizes:
Architect:
Developer:
221 W 28th St Hialeah, FL
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.
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