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221 W 28th St, Hialeah FL 33010

Commercial Recently Sold
$2,985,000

BTC: 35.90329565

ETH: 1,126.41509434

Sold on: 2020-12-17
98 days
0 room(s)

Overview

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.

Location

Florida • Hialeah • 33010 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1985
Lot:
20930 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Recent sales nearby
30 public-records sales within 0.5 mi
Median actual sale: $545K
Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

Highlights

Annual tax
$18,635
All facts and features

  • Lot

    • Lot: 20930 Square Feet

    Other Property Information

    • Parcel Number: 04-31-07-010-0760

    • Zoning: 7100

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Industrial

  • Other financial information

    • Annual tax amount: $18,635

  • Source details

    • MLS ID: A10930614

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33010
—
Active
Same city
Hialeah
—
Active
Same type
Commercial
—
Active
Similar price
$1.2M – $2.2M
—
Active

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 ©2026-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