Updated Oct 28, 2024
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
About this deal
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:
- Property Type: Industrial
- Lease Date: 04/27/2022
- Address: 4280 W 104th St
- Market: Hialeah
- Tenant: Pegasus Logistics
- Landlord: Chris Sutton
- Brokers: Frank Trelles & Jason Gonzalez - State Street Realty
- Asking Rent: $14/ft
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.
On the Map
Industrial
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Players
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