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
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