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
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