Updated Jun 27, 2025
Prologis Leases Industrial Space At 2301 Southwest 32nd Avenue To Tenant Represented By Lydia Montaigne
2301 Southwest 32nd Avenue
$17
$17/SF
Building Size
40,630 SF
Asset Type
Industrial
Closing
Jun 3, 2025
About this deal
AI
The property asset involved in this transaction is an industrial space located at 2301 Southwest 32nd Avenue in Pembroke Park. The total square footage of the asset is 40,630. The lease type is classified as a NNN lease with an asking rent of $17 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17/ft
- Square Footage: 40,630
- Address: 2301 Southwest 32nd Avenue
- Market: Pembroke Park
- Landlord: Prologis
- Landlord's Representative: Tom O'Loughlin, Michael Oretsky & Larry Genet - CBRE
- Tenant's Representative: Lydia Montaigne - SVN
- Lease Type: NNN Lease
This lease represents another successful transaction with Prologis, indicating a long-term commitment from a well-established South Florida business. The landlords' representatives involved in the agreement are Tom O'Loughlin, Michael Oretsky, and Larry Genet from CBRE, while the tenant is represented by Lydia Montaigne from SVN.
Hollywood 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
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93