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
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