Crowley Logistics Renews Lease At Flagler Station In Medley For 38,925 Sq Ft
11401 NW 100th Rd, Miami, FL, 33178
Building Size
38,925 SF
Asset Type
Industrial
Closing
Apr 23, 2019
AI
The property involved in the transaction is a 38,925-square-foot industrial asset located at 11401 NW 100th Rd in Miami, FL, within the Medley market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Tenant: Crowley Logistics
- Landlord: AEW Capital Management
- Tenant's Rep: Walter Byrd (Transwestern)
- Landlord's Rep: Stuart Gordon (Cushman & Wakefield)
Executive Director Stuart Gordon from Cushman & Wakefield represented the landlord, which is connected to AEW Capital Management, in the lease renewal deal signed by Crowley Logistics for the industrial asset.
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