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10800 NW 106th St, Miami, F...

Anthem South Leases Industrial Space In Medley, FL From Morgan Stanley
LEASEDIndustrial

Anthem South Leases Industrial Space In Medley, FL From Morgan Stanley

10800 NW 106th St, Miami, FL 33178, USA

Building Size

21,637 SF

Asset Type

Industrial

Closing

Oct 4, 2020

AI

An industrial property located at 10800 Northwest 106th Street in Medley has been leased. The property spans a total of 21,637 square feet.

Summary of transation details

This lease transaction was facilitated by the CBRE brokerage team consisting of Devin White, David Albert, and Andrew Fernandez. They represented both the tenant, Anthem South, and the landlord, Morgan Stanley, in the deal.

Players

Devin White

CBRE

Broker

$461.7M

vol

22 deals

Broker
Morgan Stanley
Morgan Stanley Lender
Morgan Stanley
Morgan Stanley Landlord

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