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4280 W 104th St, Hialeah, F...

Pegasus Logistics Leases Industrial Space In Hialeah For $14/ft
LEASEDIndustrial

Pegasus Logistics Leases Industrial Space In Hialeah For $14/ft

4280 W 104th St, Hialeah, Florida 33018, United States

Building Size

48,715 SF

Asset Type

Industrial

Closing

Apr 26, 2022

AI

An industrial property in Hialeah has been leased at 4280 W 104th St. The property spans a total of 48,715 square feet. The lease was completed on 04/27/2022.

Summary of transaction details:

The lease was facilitated by the brokers Frank Trelles and Jason Gonzalez from State Street Realty. They represented both the tenant, Pegasus Logistics, and the landlord, Chris Sutton, in the transaction.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker

Hialeah 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