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12200 Northwest 25th Street...

Prologis Leases Industrial Space In Doral To MTM Glass Concepts
LEASEDIndustrial

Prologis Leases Industrial Space In Doral To MTM Glass Concepts

12200 Northwest 25th Street, Miami, Florida 33182, United States

Building Size

17,600 SF

Asset Type

Industrial

Closing

Feb 28, 2022

AI

MTM Glass Concepts has leased an industrial property located at 12200 NW 25 Street in Doral. The property, owned by Prologis, spans 17,600 square feet. The lease transaction was facilitated by brokers Agustin Duarte from REMAX 360 and Audley Bosch from JLL. The lease agreement was finalized on March 1, 2022, with an asking rent of $14.50 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Property Size: 17,600 square feet
  • Address: 12200 NW 25 Street, Doral
  • Market: Doral

The lease agreement was brokered by Agustin Duarte from REMAX 360 and Audley Bosch from JLL. The involvement of these brokers highlights their role in representing MTM Glass Concepts and facilitating the lease deal with Prologis. The transaction took place on March 1, 2022.

Players

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker
Prologis
PrologisLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93