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.
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