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321 NW Peacock BLVD, Port S...

Klima Control Air Conditioning & Heating Signs Lease With DBT Properties Investment Inc For 17247 Sq Ft
LEASEDIndustrial

Klima Control Air Conditioning & Heating Signs Lease With DBT Properties Investment Inc For 17247 Sq Ft

321 NW Peacock BLVD, Port St. Lucie...

Building Size

17,247 SF

Asset Type

Industrial

Closing

Aug 13, 2019

AI

The property is located at 321 NW Peacock Blvd., within the St. Lucie Design Center, a 57,814-square-foot industrial building situated in Port St. Lucie, Florida. The tenant, Klima Control Air Conditioning & Heating, will occupy 17,247 square feet of this facility, which is now fully occupied. The property is positioned on a 4.4-acre parcel and includes features such as two dock-high doors, a 24-foot clear height, and building signage.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Klima Control Air Conditioning & Heating
  • Landlord: DBT Properties Investment Inc
  • Tenant's Representatives: Joseph Byrnes (Savills), Jonathan Thiel
  • Landlord's Representative: Nathaniel Bray of Bray Realty Advisors
  • Location: 321 NW Peacock Blvd, Port St. Lucie, FL
  • Market: Port Saint Lucie
  • Square Feet Leased: 17,247
  • Additional Tenants: The Kitchen Guys, Lumber Liquidators, Composite Essentials, Lennox, and Straightline

Joseph Byrnes and Jonathan Thiel, both from Berger Commercial Realty/CORFAC International, represented Klima Control Air Conditioning & Heating in the lease transaction. Notably, they were part of the team that negotiated a previous lease for 11,057 square feet at Prospect Park I in Fort Lauderdale earlier in May.

Players

Jonathan Thiel

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker

Port Saint Lucie 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