Updated Oct 29, 2024
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:
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Landlord's Representative: Skylar Stein (Cushman & Wakefield)
- Tenant: K&M Handling
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
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