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3000 NW 125th St, Miami, FL...

Foreign Parts Distributors Leases 152800 Square Feet At 3000 NW 125th St Miami
LEASEDIndustrial

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

James Armstrong

The Easton Group

Broker

$5.3M

vol

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93