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1421 NW 89th Ct, Doral, Flo...

Alco Windows & Doors Leases Industrial Space In Doral
LEASEDIndustrial

Alco Windows & Doors Leases Industrial Space In Doral

1421 NW 89th Ct, Doral, Florida 33172, United States

Building Size

16,334 SF

Asset Type

Industrial

Closing

Jun 30, 2022

AI

Alco Windows & Doors has leased an industrial property located at 1421 NW 89th Ct in the Doral market. The property spans 16,334 square feet and was leased at an asking rent of $14.25 per square foot. The lease transaction was closed on July 1, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 1421 NW 89th Ct
  • Market: Doral

Ross Giglio is the landlord of the property, while Alco Windows & Doors is the tenant. The landlord's representative in the deal was Andrew Fernandez from CBRE, and the tenant was represented by Dominic Rivera from Pine River Realty.

Players

Andrew Fernandez

Re/Max

Broker

$35.9M

vol

10 deals

Broker

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