Updated Oct 28, 2024
Triton Logistics Leases Industrial Space In Hialeah From Landlord Chris Sutton
3621 West 112th Place
$11
$11/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Jul 25, 2022
About this deal
AI
The industrial property located at 3621 West 112th Place in Hialeah has been leased. The asset spans a total area of 150,000 square feet. The lease transaction took place on July 25, 2022.
Summary of Transaction Details
- Property Type: Industrial
- Address: 3621 West 112th Place, Hialeah
- Tenant: Triton Logistics
- Landlord: Chris Sutton
- Brokers: Frank Trelles & Jason Gonzalez - State Street Realty
- Asking Rent: $11/ft.
Triton Logistics is the tenant that secured the lease at the industrial property. The lease was facilitated by State Street Realty, with Frank Trelles and Jason Gonzalez representing the tenant in the deal.
Players
Chicago 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
1442090.91%
Cash-on-Cash
-412154.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93