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
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