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
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