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11800 Northwest South River...

Matus International Leases 217,800 SF Industrial Space In Medley
LEASEDIndustrial

Matus International Leases 217,800 SF Industrial Space In Medley

11800 Northwest South River Drive

$6

$6/SF

Building Size

217,800 SF

Asset Type

Industrial

Closing

Jan 19, 2024

AI

An industrial property located at 11800 Northwest South River Drive in Medley has been leased. The property spans a total area of 217,800 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 11800 Northwest South River Drive
  • Market: Medley

The landlord for this leased property is Alterra Property Group. The tenant, Matus International, has secured this lease. The landlord's representatives involved in this deal were Matt Maciag, Brian Smith, and Audley Bosch from JLL. Barrett Wolf from Wolf Co Real Estate Brokerage and Investments represented the tenant, Matus International.

Players

Brian Smith

JLL

Broker

$84M

vol

7 deals

Broker
Alterra Property Group
Alterra Property GroupLandlord

Miami 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