Foreign Parts Distributors Leases 152800 Square Feet At 3000 NW 125th St Miami
3000 NW 125th St, Miami, FL, 33167
Building Size
152,800 SF
Asset Type
Industrial
Closing
May 15, 2018
AI
The property involved in this transaction is a warehouse located at 3000 NW 125th St, Miami, FL, 33167. This warehouse spans 152,800 square feet and sits on a 6.7-acre lot. The building was constructed in 1990 and is situated north of State Road 924. The property is currently leased by Foreign Parts Distributors, which focuses on after-market automobile parts distribution.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3000 NW 125th St, Miami, FL, 33167
- Market: Miami
- Tenant: Foreign Parts Distributors
- Landlord: 3000 Gratigny Associates LLC
- Tenant's Representative: Daniel Cook (Cook Commercial Realty)
- Landlord's Representative: James Armstrong (Easton & Associates)
- Square Feet: 152800
This lease transaction involved key representatives: Daniel Cook represented the tenant, Foreign Parts Distributors, while James Armstrong represented the landlord, 3000 Gratigny Associates LLC. The leasing reflects the company's ongoing operations, as they also maintain warehouse space in Hialeah.
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