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2220 + 2230 + 2250 + 2251, ...

On A Budget Makeup Signs NNN Lease With Hersh Equity Group In West Park Industrial Property
LEASEDIndustrial

On A Budget Makeup Signs NNN Lease With Hersh Equity Group In West Park Industrial Property

2220 + 2230 + 2250 + 2251, Sw 58th Way ,west Park, Fl, 33023 , West Park

$20

$20/SF

Building Size

16,000 SF

Asset Type

Industrial

Closing

Mar 23, 2026

AI

The asset involved in this transaction is an industrial property located at 2220, 2230, 2250 & 2251, Southwest 58th Way in West Park. The property encompasses 16,000 square feet, with an asking rent of $20 per square foot. The lease type is a NNN Lease, and it is owned by Hersh Equity Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $20/ft
  • Square Footage: 16,000
  • Address: 2220, 2230, 2250 & 2251, Southwest 58th Way
  • Market: West Park
  • Landlord: Hersh Equity Group
  • Tenant: On A Budget Makeup
  • Landlord's Rep: Steve Bess - Shallow Bay Advisors
  • Tenant's Rep: Laec Buchalter - Ariel Realty Group
  • Lease Type: NNN Lease

Steve Bess from Shallow Bay Advisors represents the landlord in this transaction, specializing in small bay industrial properties across South Florida. Laec Buchalter from Ariel Realty Group represents the tenant, On A Budget Makeup. The note from the landlord's representative emphasizes the focus on small bay properties and a commitment to swift and transparent deal closures.

Players

Laec Buchalter

Ariel Realty Group

Broker

1 deal

Broker
Hersh Equity Group
Hersh Equity GroupLandlord

West Park 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

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93