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10651 Okeechobee Road

Noah Ohayon Of Axiom Capital Advisors Represents Sim's Crane & Equipment In 7-Acre Lease Deal
LEASEDIndustrial

Noah Ohayon Of Axiom Capital Advisors Represents Sim's Crane & Equipment In 7-Acre Lease Deal

10651 Okeechobee Road

$6

$6/SF

Building Size

296,208 SF

Asset Type

Industrial

Closing

Sep 11, 2024

AI

The property involved in this transaction is an industrial asset located at 10651 Okeechobee Road in the Miami Dade market. The property features a square footage of 296,208 and operates under a NNN Lease with an asking rent of $6 per square foot.

Summary of transaction details:

Noah Ohayon of Axiom Capital Advisors represented Sim's Crane and Equipment in this lease transaction. The lease transaction spans a significant 7 acres and is noted for being the largest signed IOS lease in 2024, marking a notable achievement for both the tenant and landlord.

Players

Noah Ohayon

AXIOM Capital Advisors

Broker

$174.1M

vol

18 deals

Broker

Hialeah 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

2643833.33%

Cash-on-Cash

-755615.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93