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221 NE 2nd Ave Miami, FL 33...

Salvatore Investments Leases Industrial Property In Miami To Tenant, Scott Porter - SLP Real Estate
LEASEDIndustrial

Salvatore Investments Leases Industrial Property In Miami To Tenant, Scott Porter - SLP Real Estate

221 NE 2nd Ave Miami, FL 33132, USA

$38

$38/SF

Building Size

16,500 SF

Asset Type

Industrial

Closing

Jun 15, 2023

AI

The industrial property located at 221 Northeast 2nd Avenue in Miami has been leased. The property spans a total of 16,500 square feet. The landlord of the property is Salvatore Investments, represented by Alberto Sbarra. The lease transaction was facilitated by Scott Porter from SLP Real Estate. The asking rent for the property was $38 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 221 Northeast 2nd Avenue, Miami
  • Landlord: Salvatore Investments - Alberto Sbarra
  • Broker: Scott Porter - SLP Real Estate
  • Asking Rent: $38 per square foot
  • Square Footage: 16,500

This lease transaction involved Salvatore Investments as the landlord, represented by Alberto Sbarra. Scott Porter from SLP Real Estate served as the broker for this deal, ensuring a successful lease of the industrial property located at 221 Northeast 2nd Avenue in Miami. The terms of the lease agreement included an asking rent of $38 per square foot.

Players

Scott Porter

Serhant

Broker

$70M

vol

9 deals

Broker

Alberto Sbarra

Salvatore Investments

Landlord

$10.1M

vol

3 deals

Landlord

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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93