Retail Property in Hialeah, Florida Sells for $7.65 Million
A 41,000 square foot retail property located at W 16 Ave, Hialeah, Florida 33012, United States has been sold for $7.65 million.
In a recent transaction, a retail property in Hialeah, Florida has changed hands for a significant sum. The property, located at W 16 Ave, Hialeah, Florida 33012, United States, spans a total of 41,000 square feet and has been sold for $7.65 million. The deal, which took place on September 23, 2021, marks a noteworthy transaction in the commercial real estate market.
The retail property, classified as a retail asset, was sold by an undisclosed seller. The buyer, also undisclosed, acquired the property at a price of $186 per square foot. This price per square foot is in line with the current market rates for retail properties in the area.
The transaction was facilitated by Franklin Street, a leading commercial real estate agency. Franklin Street has a strong presence in the Florida market and is known for its expertise in retail property deals. The agency played a crucial role in connecting the buyer and seller and ensuring a smooth transaction.
The retail property in Hialeah, Florida offers several attractive features for potential investors. Its prime location on W 16 Ave provides excellent visibility and accessibility, making it an ideal spot for retail businesses. The property is situated in a bustling commercial area, surrounded by other retail establishments, restaurants, and residential neighborhoods.
The 41,000 square foot space offers ample room for various retail concepts. The property’s layout and design can be easily customized to suit the needs of different businesses. With its spacious interior and well-maintained exterior, the property presents an appealing opportunity for retailers looking to establish or expand their presence in Hialeah.
Hialeah, Florida is a thriving city with a strong economy and a growing population. The city’s strategic location in Miami-Dade County makes it an attractive destination for businesses and residents alike. Hialeah is known for its diverse community, vibrant culture, and numerous amenities. The retail property’s location in Hialeah positions it well to benefit from the city’s ongoing growth and development.
The sale of the retail property in Hialeah, Florida for $7.65 million is a testament to the strength of the commercial real estate market in the area. Despite the challenges posed by the COVID-19 pandemic, the demand for retail properties remains robust. Investors continue to recognize the value and potential of well-located retail assets, such as the one in Hialeah.
As the commercial real estate market in Florida continues to evolve, transactions like this serve as indicators of market trends and investor sentiment. The sale of the retail property in Hialeah, Florida highlights the ongoing interest in retail assets and the confidence in the future of the sector. With the support of experienced brokers and agencies like Franklin Street, buyers and sellers can navigate the market and capitalize on opportunities in the commercial real estate space.