Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Zenith IOS
- Tenant: Sim's Crane and Equipment
- Broker: Noah Ohayon - AXIOM Capital Advisors
- Lease Type: NNN Lease
- Date: 09/11/2024
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.
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