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2323 Northwest 82nd Avenue

Link Logistics Leases 148618 SF Industrial Space To Double Ace Cargo In Doral For $15 FT
LEASEDIndustrial

Link Logistics Leases 148618 SF Industrial Space To Double Ace Cargo In Doral For $15 FT

2323 Northwest 82nd Avenue

$15

$15/SF

Building Size

148,618 SF

Asset Type

Industrial

Closing

Dec 2, 2024

AI

The property involved in the transaction is an industrial asset located at 2323 Northwest 82nd Avenue in Doral. The asking rent for this asset is $15 per square foot, totaling a size of 148,618 square feet. The lease type is a NNN lease with a duration of 10 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15/ft
  • Address: 2323 Northwest 82nd Avenue
  • Market: Doral
  • Landlord: Link Logistics
  • Tenant: Double Ace Cargo
  • Tenant's Representative: Hector Catano - Cornerstone International Realty
  • Lease Type: NNN Lease, 10 Yr Deal
  • Square Footage: 148,618

The deal includes key participants such as Link Logistics as the landlord and Double Ace Cargo as the tenant. Hector Catano from Cornerstone International Realty represented Double Ace Cargo in this transaction.

Players

Hector Catano

Cornerstone International Realty

Broker

$66.3M

vol

14 deals

Broker

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

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93