facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Lease

/

3400 Northwest 107th Avenue

Bridge Industrial Signs First Tenant At Bridge Point Doral In Florida Industrial Development
LEASEDIndustrial

Bridge Industrial Signs First Tenant At Bridge Point Doral In Florida Industrial Development

3400 Northwest 107th Avenue

Building Size

131,411 SF

Asset Type

Industrial

Closing

Oct 11, 2023

AI

A Fortune 50 food distributor has signed a lease agreement to occupy 131,411 square feet in Building 6 of the Bridge Point Doral industrial development in Doral, Florida. The development is a 2.6 million-square-foot project set to be completed in mid-2024.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 3400 Northwest 107th Avenue, Doral
  • Market: Doral
  • Size: 131,411 square feet

The landlord of the property is Bridge Industrial, represented by Steve Poulos. Wayne Ramoski, Gian Rodriguez, Skylar Stein, and Ivanna Leitner Perez from Cushman & Wakefield acted as the landlord's representatives. The tenant, on the other hand, was represented by Jeff Hartsook and Adam Talbot from CRESA.

Please note that the deal represents Bridge Industrial's first tenant for Bridge Point Doral, a significant milestone for the company's Florida industrial development.

Players

Wayne Ramoski

Cushman & Wakefield

Broker

$128.3M

vol

14 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage
Steve Poulos

Steve Poulos

Bridge Industrial

Landlord

$2B

vol

26 deals

Landlord

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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