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2301 Northwest 107th Avenue...

Continental Freight Leases Industrial Space In Doral For $14.50/ft
LEASEDIndustrial

Continental Freight Leases Industrial Space In Doral For $14.50/ft

2301 Northwest 107th Avenue, Doral, FL 33172, USA

Building Size

41,969 SF

Asset Type

Industrial

Closing

Oct 8, 2021

AI

An industrial property located at 2301 NW 107th Ave in Doral has been leased. The property spans 41,969 square feet and was leased by Continental Freight. The landlord, Foundry Commercial, was represented by Jose & Sebastian Juncadella from Fairchild Partners. State Street Realty's Frank Trelles and Jason Gonzalez acted as the tenant's representatives in the deal. The lease was finalized on 10/08/2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: 10/08/2021
  • Address: 2301 NW 107th Ave, Doral
  • Market: Doral
  • Tenant: Continental Freight
  • Landlord: Foundry Commercial
  • Landlord's Representative: Jose & Sebastian Juncadella - Fairchild Partners
  • Tenant's Representatives: Frank Trelles & Jason Gonzalez - State Street Realty
  • Asking Rent: $14.50/ft.
  • Square Footage: 41,969

The representatives from Fairchild Partners and State Street Realty played key roles in facilitating the lease deal between Foundry Commercial and Continental Freight for the industrial property located at 2301 NW 107th Ave in Doral. The lease was successfully executed on the specified date, finalizing the transaction.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker
Foundry Commercial
Foundry CommercialBrokerage

Sweetwater 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93