Liberty Property LP Leases 34590 Square Feet To Tenant Represented By CBRE And Remax In Medley
LEASED
+ 2
Florida
See Similar DealsIndustrial34,590 SF
Leased 10/25/2018
LEASED
Liberty Property LP Leases 34590 Square Feet To Tenant Represented By CBRE And Remax In Medley
11440 NW 122nd St, Miami, FL, 33178
See Similar DealsIndustrial34,590 SF
Leased 10/25/2018
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:34,590 SF
Transaction Type:Lease
The property asset involved is a 34,590-square-foot building located at 11440 NW 122nd St, Miami, FL, 33178 in the Medley market. It is part of the Miami International Tradeport, a 1.7 million square foot industrial park developed by Liberty Property Limited Partnership, scheduled to be delivered in the first quarter of 2019.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: Liberty Property LP
- Tenant: Kerry Freight (USA)
- Square Feet: 34,590
- Tenant's Representatives: Kevin Dudley (CBRE), David Albert (CBRE), Devin White (CBRE), Andrew Fernandez (Remax)
The leasing deal was facilitated by a team from CBRE, inclusive of Miami-based representatives David Albert, Devin White, and Andrew Fernandez, along with New Jersey-based Kevin Dudley. The tenant, Kerry Logistics, is set to occupy the facility in December 2019, contributing to the logistics functionalities within the industrial park.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,982,677.93
Total Lease Value
$19,826,779.27
Net Landlord Cash Flow$1,982,677.93
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