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3055 NW 84th Ave, Miami, FL...

Updated Oct 29, 2024

Bilt advertisement
Cushman & Wakefield Fully Leases Miami-Dade Industrial Buildings In Q1 2021
LEASEDIndustrial

Cushman & Wakefield Fully Leases Miami-Dade Industrial Buildings In Q1 2021

3055 NW 84th Ave, Miami, FL, 33122

Building Size

40,627 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

The industrial property located at 3055 NW 84th Ave, Miami, FL, 33122 in the Doral market has a square footage of 40,627. The landlord, Longpoint Property Group, successfully leased this industrial asset to the tenant K&M Handling.

Summary of transaction details:

Cushman & Wakefield's representatives, Gian Rodriguez, Wayne Ramoski, and Skylar Stein, played pivotal roles in negotiating four different industrial leases totaling 293,278 square feet across Miami-Dade County. Despite the challenges posed by the pandemic, the demand for warehouse and distribution space in the South Florida industrial market remains strong. The market continues to attract new tenants, occupants, and owners seeking well-located industrial properties for various purposes such as e-commerce, distribution, reverse-logistics, and perishables.

Players

Skylar Stein

Cushman & Wakefield

Broker

$61.6M

vol

14 deals

Broker
LG
Longpoint Property GroupLandlord

Doral 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

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