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1655 NW 136th Ave Sunrise, ...

EQT Exeter Leases Industrial Property In Sunrise, Florida To AVI Aviation
LEASEDIndustrial

EQT Exeter Leases Industrial Property In Sunrise, Florida To AVI Aviation

1655 NW 136th Ave Sunrise, FL 33323, USA

$27

$27/SF

Building Size

128,144 SF

Asset Type

Industrial

Closing

Aug 1, 2023

AI

The industrial property located at 1655 Northwest 136th Avenue in Sunrise, Florida's Sawgrass Technology Park has been leased to AVI Aviation, an aircraft maintenance company. The warehouse spans a total of 128,144 square feet, with an asking rent of $27.98 per square foot.

Summary of Transaction Details

  • Property Type: Industrial
  • Asking Rent: $27.98/ft.
  • Total Square Footage: 128,144
  • Address: 1655 Northwest 136th Avenue, Sunrise, FL
  • Market: Sunrise

EQT Exeter is the landlord of the property, while Sander Smith represents EQT Exeter as their landlord's representative. On the other hand, AVI Aviation is represented by Carlos Velasquez of VS Real Estate LLC (VSRE) as their tenant's representative. The location of the warehouse in close proximity to Fort Lauderdale International Airport makes it an ideal fit for AVI Aviation's operations and clientele.

Players

Sander Smith

EQT Exeter

Broker

2 deals

Broker
EQT Exeter
EQT ExeterLandlord

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

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93