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2525 Davie Road Davie, Flor...

Prologis Leases Industrial Property In Davie To Marmia Food, LLC
LEASEDIndustrial

Prologis Leases Industrial Property In Davie To Marmia Food, LLC

2525 Davie Road Davie, Florida 33317, USA

Building Size

19,753 SF

Asset Type

Industrial

Closing

Jul 5, 2023

AI

The recently completed transaction in Davie, FL involves the lease of an industrial property located at 2525 Davie Road. This property spans a total of 19,753 square feet and is situated within the Westport Business Park. The landlord of the property is Prologis.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not applicable
  • Address: 2525 Davie Road
  • Market: Davie
  • Square Footage: 19,753

Marmia Food, LLC, a tenant, has entered into a lease agreement with Prologis for this industrial property. The lease was facilitated by Keith R. Graves and Jonathan Thiel from Berger Commercial Realty/Corfac International, who served as the landlord's representatives. The tenant was represented by Parvani Commercial Group. This newly acquired property will serve as an operational hub for Marmia Food, LLC, allowing them to expand their distribution network and better meet the needs of their customers.

Players

Jonathan Thiel

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93