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2080 Northwest 96th Avenue

NAI Miami Brokers Lease Of Industrial Warehouse To GSO Aviation In Doral
LEASEDIndustrial

NAI Miami Brokers Lease Of Industrial Warehouse To GSO Aviation In Doral

2080 Northwest 96th Avenue

$21

$21/SF

Building Size

15,090 SF

Asset Type

Industrial

Closing

Mar 4, 2024

AI

The industrial warehouse located at 2080 Northwest 96th Avenue in Doral, FL, was leased for $21.50 per square foot. The property spans 15,090 square feet and was the site of a transaction between the Landlord, BRE Investment Group, and the Tenant, GSO Aviation, Inc., represented by Ray Rodriguez.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Leased at $21.50/ft. for a total of 15,090 SF
  • Address: 2080 Northwest 96th Avenue
  • Market: Doral
  • Landlord: BRE Investment Group
  • Tenant: Ray Rodriguez - GSO Aviation, Inc.
  • Landlord's Rep: Lucas Engel & Robert Eckstein - NAI Miami
  • Tenant's Rep: Dalton Easton - The Easton Group

The lease of the industrial warehouse in Doral, FL, was facilitated by NAI Miami | Fort Lauderdale. GSO Aviation, Inc., a major MRO services supplier for aircraft operators, found the property's features suitable for their operations, leading to a long-term agreement with BRE Investment Group. Dalton Easton of The Easton Group represented the Tenant, Ray Rodriguez, in this transaction.

Players

Robert Eckstein

NAI Global

Broker

$44.4M

vol

7 deals

Broker

Doral 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

755380.95%

Cash-on-Cash

-215890.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93