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15 Northwest 9th Avenue

Daniel Alexander Ellis Leases Industrial Space At 15 Northwest 9th Avenue To Ceramics Pro
LEASEDIndustrial

Daniel Alexander Ellis Leases Industrial Space At 15 Northwest 9th Avenue To Ceramics Pro

15 Northwest 9th Avenue

$40

$40/SF

Building Size

4,114 SF

Asset Type

Industrial

Closing

Oct 1, 2024

AI

The property asset involved in this transaction is an industrial space located at 15 Northwest 9th Avenue in Fort Lauderdale. The asking rent is set at $40 per square foot for a total area of 4,114 square feet, under a modified gross lease agreement with a term of 5 years.

Summary of transaction details:

This lease agreement was facilitated by Daniel Alexander Ellis representing the landlord and Ceramics Pro as the tenant. The brokers involved, Krysten Naranjo and Herson Richiez, played significant roles in managing the transaction process under their respective agencies, BrokerNation Real Estate and Bridgestone Realty.

Players

Krysten Naranjo

BrokerNation Real Estate

Broker

$1.2M

vol

3 deals

Broker

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93