Updated Oct 29, 2024
Senator International Freight Forwarding LLC Leases 88011 Square Feet At 10505 NW 112th Ave Miami
10505 NW 112th Ave, Miami, FL, 33178
Building Size
88,011 SF
Asset Type
Industrial
Closing
Feb 26, 2019
About this deal
AI
The property located at 10505 NW 112th Ave, Miami, FL, 33178 is an 88,011-square-foot industrial space situated in the Medley market, approximately 20 miles west of downtown Miami. The landlord is FS Building 30 LLC, who has leased the property to Senator International Freight Forwarding LLC, a company specializing in international shipping and logistics, including air and sea freight, packaging, and customs services.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 10505 NW 112th Ave, Miami, FL, 33178
- Market: Medley
- Landlord: FS Building 30 LLC
- Tenant: Senator International Freight Forwarding LLC
- Landlord's Representative: Devin White - CBRE
- Square Feet: 88,011
NAI Miami facilitated the negotiation of the lease for Senator International Freight Forwarding LLC, securing a substantial space suitable for their logistics operations. Devin White of CBRE represented FS Building 30 LLC as the landlord's representative in this lease agreement.
Players
Medley Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93