Updated Dec 12, 2024
Prologis Leases 84,000 SF Industrial Space To Data Tech At 1900 Northwest 129th Avenue
1900 Northwest 129th Avenue & 1900 Northwest 129th Avenue
$17
Building Size
—
Asset Type
Industrial
Closing
Nov 22, 2024
About this deal
AI
The property involved in this transaction is an industrial asset located at 1900 Northwest 129th Avenue in Miami. The total square footage of the asset is 84,000 and is offered at an asking rent of $17 per square foot. This is a NNN lease structure. The landlord for this lease is Prologis.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17/ft
- Square Footage: 84,000
- Address: 1900 Northwest 129th Avenue
- Market: Miami
- Landlord: Prologis
- Tenant: Data Tech
- Broker: Frank Trelles - Vivo Real Estate Group
This transaction is facilitated by broker Frank Trelles, who represents Vivo Real Estate Group. The key parties involved in the deal include Data Tech as the tenant, emphasizing the collaborative nature of this leasing agreement. The arrangement supports Prologis in maximizing their industrial property usage.
On the Map
$17
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93