Basic Information
- MLS # A10930614
- Type Industrial
- Status Closed
- Year Built 1985
- Total Size 20,930 Sq.Ft / 0.48 Acre
- Date Listed 09/21/2020
- Days on Market 87
Multifamily Real Estate Group is pleased to exclusively bring to market221-241 West 28th Street in Hialeah FL. The offering is a multi-bayindustrial warehouse, which consists of one-folio with 8 bays totaling11,325 Sq.Ft. of leasable space.Presently the property operates with 2-tenants which have been in theproperty for over 10-years, all of them with leases expiring 2024. Leasescall for a yearly 5 increase, meaning that a future owner in January 2021can enjoy a 107,872 NOI. A potential buyer could secure a loan with a70LTV, a 4 interest rate, amortized over 30 years and achieve on year-2a 7.78 Cash-on-Cash Return.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
- Style Industrial
Interior Features
- Adjusted Sqft 0.48 AcreSq.Ft
- Sqft 0.48 Acre Sq.Ft
Property Features
- Address 221 W 28th St
- Aprox. Lot Size 20,930
- Furnished Info no
- Subdivision Complex
- Subdivision Info
- Tax Amount $18,635
- Tax Legal desc HIALEAH 12TH ADD REV AMD PL PB 34-42 THE E162.25FT OF TR C BLK 173 LOT SIZE 20930 SQ FT COC 26525-2926 06 2008 5
- Tax Year 0
- Type of Property Industrial
221 W 28th St
Hialeah, FL 33010Similar Properties For Sale
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Multifamily Real Estate Group Inc. tel: 305-336-6381
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